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- 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
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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). Video Watch was the last of four video rental chains that had been targeted by Hollywood Entertainment for purchase.
As it had in the previous year, Hollywood brought in funds through another equity offer, its fourth and largest to date, totalling $95.4 million, which in turn made possible its next purchase. In August the company acquired the Midwest-based Video Watch, which oversaw 42 stores.
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). Video Watch was the last of four video rental chains that had been targeted by Hollywood Entertainment for purchase.
After nearly being purchased by main rival, Blockbuster Video, Movie Gallery stepped in and purchased Hollywood Video in 2005 for over 1 billion dollars total - including debt acquisition...
- 4 min
- 1882
- Retail Rewind
Apr 16, 2021 · Hollywood Entertainment Corp (Hollywood Video) started in 1988 as the largest direct competitor to Blockbuster. By 1995, it held 153 stores in 11 states, some operating under the names Video Park or Video Central, but it had plans to triple the number of locations by late 1997.
Nov 8, 2023 · Not satisfied with upending the cable applecart with its two-season buy, Netflix turned around and dropped the entire first season of House of Cards at once, all 13 episodes, thereby further...
Jan 25, 2021 · With Hollywood blockbusters delayed from theatrical release, rescheduled or diverted to paid streaming services, there was less new product coming into stores — or giving consumers a reason to ...
