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Hollywood Entertainment
- In August 1995, Hollywood Entertainment purchased the 42-store Video Watch chain in the mid-western United States for $59 million (~$108 million in 2023).
en.wikipedia.org/wiki/Hollywood_Video
Hollywood Video stores later opened in Washington, California, Nevada, and Texas. [4] In 1993, Hollywood, which operated 16 stores, became a public company. [5] As of 1994, the average Hollywood Video store was 7,500 square feet with 16,000 video tapes.
On the heels of the offering came the company's first acquisition: the 33-store Video Central chain headquartered in Texas. The ink was barely dry on the first purchase when Hollywood moved forward with a second in May 1994, this time buying Eastman Video, based in California.
A typical Hollywood Video outlet in San Lorenzo, California in 2007. Hollywood Video, a subsidiary of Movie Gallery, Inc., operated from Wilsonville, Oregon, as a DVD and video game rental shop chain in the United States. It was started in 1988 by former CEO Mark Wattles and his wife.
Hollywood Video stores later opened in Washington, California, Nevada, and Texas. In 1993, Hollywood, which operated 16 stores, became a public company. As of 1994, the average Hollywood Video store was 7,500 square feet with 16,000 video tapes.
- Ben Unglesbee
- 1977. Twentieth Century Fox becomes the first studio to make its films available on video.
- 1985. David Cook opens the first Blockbuster store.
- 1987. Wayne Huizenga joins as investor, becomes CEO.
- 1993. After bulldozing its way across the country, Blockbuster has nearly 3,600 stores.
Apr 16, 2021 · The store sadly suffered the same decline as Blockbuster and was purchased in 2005 by Movie Gallery, making it a subsidiary. Movie Gallery focused on locations in mostly rural areas, and Hollywood Video opened in urban areas to compete with Blockbuster.
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Dec 16, 2020 · Keith Hoogland, Charlie’s son, who took over as company president in 1995, told Newsweek in 2018 that the company opted to own the property under its stores on the expectation that video stores...
