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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.
Who are Movie Gallery’s investors? Aspen Advisors (New York), B. Riley Financial , Enhanced Capital Partners , Gordon Brothers , and Roark Capital Group have invested in Movie Gallery. When was Movie Gallery acquired?
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Movie Gallery Inc. owns and operates video stores. The Company sells and rents video cassettes, digital video discs (DVDs), and video games.
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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.
Home Media Magazine caught up with CEO and president of automated rental/retail chain Movie>Q, Joe Malugen, who, at the time of the Movie Gallery/Hollywood Video merger, owned the largest DVD rental company in the country.
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] In October 2011, the chain's website had been relaunched as a blog.
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