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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).
Founded with the mission of beating Blockbuster at its own game, Hollywood Video slowly and methodically grew to become their biggest competitor in a matter ...
- 12 min
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- Post-Mortar - The Retail History Show
Founded in 1988, the chain was the largest direct competitor to Blockbuster Video until it was acquired by Movie Gallery in 2005. It ceased operations in 2010, when Movie Gallery declared...
- 8 min
- 1475
- e chang
122. 3.9K views 2 years ago. This is the story Hollywood Video, if you ever wondered what happened to Hollywood Video stores then this video is for you. These stores were very similar to...
Apr 16, 2010 · While some of the rental chains, including Hollywood and Blockbuster, tried to compete by introducing their own subscription and online services, Movie Gallery stuck to its tried-and-true guns and in 2005 acquired Hollywood Video in a $1.2 billion deal that included $350 million worth of Hollywood’s debt.
Oct 7, 2019 · In less than 30 years the video rental chain opened its first store, roared to ubiquity and all but disappeared.
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Oct 7, 2019 · Following Blockbuster’s failed bid to buy Hollywood Video, rival Movie Gallery took it over, and both chains shuttered in bankruptcy around when Blockbuster filed.
