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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.
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.
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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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.
Movie Gallery, Inc. (former NASDAQ ticker symbol MOVI[1]) was the second largest movie and game rental company in the United States and Canada, behind Blockbuster Video. The company rented and sold Blu-ray Discs, DVDs, VHS tapes, and video games.
May 3, 2010 · Movie Gallery owns the Game Crazy and Hollywood Video brands. It was not immediately apparent if the company would also close the over 180 stores it operates in Canada.
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Movie Gallery, Inc. owns and operates video specialty stores that rent and sell videocassettes, digital video discs (DVDs), and video games throughout the United States.
