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Hollywood Video was the target of a hostile takeover attempt, initially announced at the end of December 2004 by competitor Blockbuster Video. Blockbuster announced an exchange offer of $14.50 per share ($11.50 cash and $3.00 in Blockbuster shares).
- The Family Business
- #Savethevideostore
- Pre-Streaming Nostalgia
- Next Act Or Final Credits?
Family Video traces its company historyback to 1946, when Clarence Hoogland founded the distribution business Midstates Appliance & Supply Company, according to the company. A little more than three decades later, when Clarence’s son Charlie was running the company, it became a distributor for the first supplier of videocassettes for Hollywood stud...
Before the chain temporarily shuttered in March along with scores of other retailers, Family Video ironically had one of its best weekends in years. “The first week it was like, ‘Well, okay, we’re going to be quarantined, it might be kind of fun. Let’s pick up three or four movies and popcorn,’” Dye said. After the stores closed, many of the chains...
To some extent, Family Video is tapping into nostalgia for the era when video stores were the dominant channel for at-home viewing. That era had a meteoric rise and fall. An industry, sparked by hobbyists and then led by mom and pop stores at first, was built out of pretty much nothing over the course of a few years, as Josh Greenberg chronicled in...
Family Video faces a demographic challenge that could ultimately pose its biggest existential test. Its average customer is well over 40, Dye said. For younger customers, “without like a real ambassador, like their parents or a relative or even a friend that is older, to say, ‘Let’s go to a store’ — it just probably doesn’t cross your mind,” Dye sa...
- Ben Unglesbee
Aug 8, 2012 · When Hollywood Video and its parent, Movie Gallery, went out of business in 2010 and declared bankruptcy, they had only one real asset: unpaid fees. About 3 million U.S. residents owed money to...
Mar 5, 2010 · Hollywood Video is closing four of its 10 stores in Las Vegas at 4001 S. Buffalo Dr.; 2875 S. Nellis Blvd.; 5570 Camino Al Norte; and 75 S. Valle Verde Dr. They're having liquidation sales of DVDs,...
Apr 13, 2012 · Hollywood Video, the bankrupt video store chain, is still harassing former customers even after it was ordered to give people a break. Two years after Hollywood Video closed, the ghost movie...
Oct 7, 2019 · Blockbuster’s rise and fall corresponded, almost, with the lifespan of an entire industry. Video rental took off in the early 1980s, with mom and pops cobbling together an industry out of...
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Apr 16, 2010 · When Hollywood Video failed to find a way to offer consumers what they wanted, the future of what was once one of Oregon’s most successful companies became just another piece of used-up material, falling down to the cutting-room floor.
