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Hollywood Entertainment Corp., [1] more commonly known as Hollywood Video, was an American video rental store chain. Founded in 1988, the chain was the largest direct competitor to Blockbuster Video until it was acquired by Movie Gallery in 2005. [2] It ceased operations in 2010, when Movie Gallery declared Chapter 7 bankruptcy. [3]
Movie Gallery was formed in 1985 by Joe Malugen and Harrison Parrish in Dothan, Alabama. Through its wholly owned subsidiary, M.G.A., the company's founders began operating video specialty stores in southern Alabama and the Florida panhandle, and franchising the Movie Gallery store concept.
Hollywood Entertainment Corp., [1] more commonly known as Hollywood Video, was an American video rental store chain. Founded in 1988, the chain was the largest direct competitor to Blockbuster Video until it was acquired by Movie Gallery in 2005. [2]
Company History: Hollywood Entertainment Corp., which operates over 1,000 stores in 43 states under the name Hollywood Video, is the second largest video rental and retailer in the United States.
Movie Gallery also sells merchandise such as new and used video films, video games, and gift items via its web site, www.moviegallery.com. Cofounder, Chairman, and CEO Joseph T. Malugan owns 20 percent of the company; cofounder and President H. Harrison Parrish also owns 20 percent.
Jan 9, 2005 · In August, Hollywood Entertainment had agreed to let its chairman and chief executive and Los Angeles buyout firm Leonard Green & Partners to take the company private for $10.25 a share.
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Paramount is the sixth oldest surviving film studio in the world; after Gaumont Film Company (1895), Pathé (1896), Titanus (1904), Nordisk Film (1906), and Universal Studios (1912). It is the last major film studio still headquartered in the Hollywood district of Los Angeles.
