485:. Blockbuster announced an exchange offer of $ 14.50 per share ($ 11.50 cash and $ 3.00 in Blockbuster shares). In response, Hollywood Video agreed to a buyout on January 10, 2005, by Movie Gallery, a smaller competitor. Movie Gallery paid $ 860 million, $ 13.25 per share, and the assumption of $ 380 million in debt. Stocks closed at $ 13.85 on January 10 after this news. Blockbuster then dropped its purchase plans, citing antitrust concerns. Movie Gallery completed its purchase of Hollywood Video on April 27, 2005.
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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. In November 1995, Hollywood Entertainment announced plans to open 90 stores in Michigan over the next three years. The company also planned to open more than 200 stores in 1996.
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390:, which they used as a form of low-cost entertainment. Wattles later said: "I thought, 'There must be other people in America in the same shoes. I think this would be a great business." In 1985, Wattles borrowed money so he could open a 500 square-foot video rental store with 300 films, located in downtown
429:
became president and CEO of Reel.com, replacing founder, Stuart
Skorman. After 27 months, in July 1998, CEO Mark Wattles announced Hollywood had purchased Reel.com "in a deal valued at $ 100 million", which included $ 30 million (~$ 53.8 million in 2023) in cash to Reel's stockholders; Reel.com
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In 1993, Hollywood, which operated 16 stores, became a public company. As of 1994, the average
Hollywood Video store was 7,500 square feet with 16,000 video tapes. In some instances, the company ordered up to 70 copies of a popular film for each store, while some stores stocked up to 200 copies of a
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was relaunched as a movie news curator blog. The site used an automated "social scoring algorithm" to link to articles on the web pertaining to movies and other entertainment media content. The site also contained a blog written by a single editor (that was later expanded to multiple editors) about
409:
In June 1995, Hollywood
Entertainment had 153 stores in 11 states. The company's locations included stores operating under the Video Park and Video Central names. That month, Hollywood Entertainment announced plans to triple the number of stores by late 1997. In August 1995, Hollywood Entertainment
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bought the 77 acres (31 ha) Thrifty
Payless Inc. headquarters for $ 25.5 million and then broke the compound into sections, selling pieces of it for a total of $ 22 million; Trammell Crow retained control of the $ 8 million, 120,000-square-foot (11,000 m) headquarters building. Hollywood
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In 1997, when
Hollywood was considering a new headquarters location, the City of Wilsonville had signage codes that did not allow companies to use neon. The codes made Hollywood consider using other locations. Members of the City of Wilsonville's development review boards said that neon was out of
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filed a $ 10 million lawsuit against
Hollywood Entertainment for hiring five former Blockbuster employees. Blockbuster alleged that the employees knew some of the company's trade secrets, which could be used to aid Hollywood Entertainment. At the time, Hollywood Video had 117 stores, compared to
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said that
Hollywood Video "barely" took occupancy of the structure; then Mark Wattles, the chief executive, decided to move the offices and the Hollywood Video headquarters to the former Smith's Home Furnishings headquarters in Wilsonville. In 1996 170 full-time employees worked from the
577:, in an 85,000-square-foot (7,900 m) office building. In 1996, Hollywood moved its employees out of the building two years into its five-year lease. In 1996, Poorman-Douglas Corp agreed to occupy all of the space in the Beaverton building, relieving Hollywood of extra rent payments.
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Blockbuster's 2,800 stores. Hollywood Video was ranked fourth in national sales. In May 1995, a judge ruled in favor of
Hollywood Entertainment, stating that Blockbuster had failed to demonstrate irreparable harm as a result of the hiring.
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current movie-related news. As of April 2013, the "social scoring algorithm" part of the site was removed and replaced with the blog. The website also contained an interface for searching and buying movies from
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394:. In 1988, Wattles formed Hollywood Entertainment and served as the company's president and chief executive. Hollywood Video stores later opened in Washington, California, Nevada, and Texas.
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single film. At that time, each store generated approximately $ 1 million (~$ 1.83 million in 2023), while 78 additional stores were planned to open in 1995.
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headquarters. The 173,000 square feet (16,100 m) headquarters facility was no longer occupied by
October 1998; as of that month the space was for lease.
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In October 2011, the chain's website had been relaunched as a blog. The website remains active, though the last entry was made in October 2014.
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After Hollywood decided to leave Beaverton, it signed a long-term lease for a 166,000 square feet (15,400 m) building in
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In 1984, Mark Wattles left college and was struggling financially. Wattles' parents had given him and his wife a
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leased the headquarters building, and Hollywood remained headquartered in Wilsonville.
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Hollywood became a subsidiary of Movie Gallery and maintained its Oregon headquarters.
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637:"Hollywood Entertainment Corporation Will Report First Quarter Results of Operations"
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character for the Wilsonville Business Park, Hollywood Video's prospective location.
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In 1996, Hollywood decided to establish three regional offices, with one each in the
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Hollywood Entertainment Corporation 9275 SW Peyton Lane Wilsonville, OR 97070
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Hollywood's last US store closed on July 31, 2010, whereas the last in
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attempt, initially announced at the end of December 2004 by competitor
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chain. Founded in 1988, the chain was the largest direct competitor to
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19:"Hollywood Entertainment Co." redirects here. Not to be confused with
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in 2005. It ceased operations in 2010, when Movie Gallery declared
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was to continue operating independently, and led by its CEO
746:"Hollywood Video expansion includes three regional offices"
1031:"Poorman-Douglas swallows up Hollywood's Beaverton space"
998:"The NEW Hollywood Video - An Entertainment News Curator"
963:. Thursday April 28, 2005. Retrieved September 26, 2010.
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Companies that filed for Chapter 11 bankruptcy in 2010
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Companies that filed for Chapter 7 bankruptcy in 2010
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1083:"Hollywood sign imbroglio: No neon, no headquarters"
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56:. Unsourced material may be challenged and removed.
1861:Companies that have filed for Chapter 7 bankruptcy
1546:Peak annual revenues of $ 100 million or more
1057:"Listed industrial space in area is now plentiful"
569:At one time, Hollywood Video was headquartered in
1836:Entertainment companies disestablished in 2010
1109:"There was never a dull moment in real estate"
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774:"Judge rules in favor of Portland video chain"
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1816:Defunct retail companies of the United States
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955:Movie Gallery completes Hollywood acquisition
685:Spector, Mike; Lattman, Peter (May 3, 2010).
8:
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1831:Entertainment companies established in 1988
826:"Expansion plan boosts stock for Hollywood"
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1886:American companies disestablished in 2010
1806:Home video companies of the United States
907:"Hollywood Entertainment to Buy Reel.Com"
557:Learn how and when to remove this message
116:Learn how and when to remove this message
1846:Retail companies disestablished in 2010
768:
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1866:Companies based in Wilsonville, Oregon
1826:American companies established in 1988
507:from within the Hollywood Video site.
1055:Miller, Brian K. (October 18, 1998).
1029:Goldfield, Robert (October 6, 1996).
720:. Associated Press. December 16, 1994
528:This section may contain information
16:Defunct American video rental company
7:
1871:Companies based in Beaverton, Oregon
1841:Retail companies established in 1988
881:"Hollywood Video expanding in state"
852:"Hollywood Video will buy 42 stores"
708:
706:
477:Hollywood Video was the target of a
54:adding citations to reliable sources
323:A typical Hollywood Video store in
1536:Large companies formerly based in
666:Zeller, Tom Jr. (March 26, 2005).
584:, Oregon. Robert Goldfield of the
14:
1821:Defunct companies based in Oregon
1107:Miller, Brian (January 3, 1999).
613:List of companies based in Oregon
495:closed on August 8 of that year.
1881:2010 disestablishments in Oregon
1757:Evergreen International Aviation
1167:
1081:Binole, Gina (August 31, 1997).
800:"Blockbuster sues rival company"
668:"Blockbuster Ends Bid for Rival"
643:. April 13, 2004. Archived from
519:
445:
134:
30:
974:"About The New Hollywood Video"
931:Pelline, Jeff (July 31, 1998).
744:Rose, Michael (June 23, 1996).
714:"Hollywood Video hits big time"
41:needs additional citations for
1256:final location in Bend, Oregon
687:"Hollywood Video Closes Doors"
498:In December 2011, the website
1:
1876:1988 establishments in Oregon
1611:Electro Scientific Industries
348:Hollywood Entertainment Corp.
129:Hollywood Entertainment Corp.
1004:. 2013-04-07. Archived from
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212:(United States of America)
18:
1657:McCormick & Schmick's
1544:
1493:
1344:Microsoft Movies & TV
1113:Portland Business Journal
1087:Portland Business Journal
1061:Portland Business Journal
1035:Portland Business Journal
960:Portland Business Journal
933:"Reel.com goes Hollywood"
750:Portland Business Journal
587:Portland Business Journal
534:to the article's subject.
362:until it was acquired by
350:, more commonly known as
133:
1785:White Stag Manufacturing
1745:Consolidated Freightways
1697:Sequent Computer Systems
1497:Video-on-demand services
1235:Culture Convenience Club
691:The Wall Street Journal
423:San Francisco Bay Areas
339:in 2009, with attached
325:San Lorenzo, California
299:Hollywood Entertainment
1762:Floating Point Systems
1420:Le SuperClub Vidéotron
1398:Hastings Entertainment
344:
328:
216:; 14 years ago
203:; 14 years ago
1811:Video rental services
1726:Willamette Industries
1592:out-of-state entities
1176:at Wikimedia Commons
885:Battle Creek Enquirer
532:important or relevant
334:
322:
1430:Playdium Movie Magic
804:Tallahassee Democrat
539:improve this section
368:Chapter 7 bankruptcy
234:Chapter 7 bankruptcy
50:improve this article
1307:and digital lockers
887:. November 22, 1995
647:on January 17, 2018
335:Hollywood Video in
249:Wilsonville, Oregon
214:August 8, 2010
130:
1703:StanCorp Financial
1680:Oregon Steel Mills
1552:Moved out of state
1314:Amazon Prime Video
1210:Video rental shops
1138:HollywoodVideo.com
1002:HollywoodVideo.com
978:HollywoodVideo.com
911:The New York Times
806:. February 4, 1995
672:The New York Times
500:hollywoodvideo.com
457:. You can help by
356:video rental store
354:, was an American
345:
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201:July 31, 2010
21:Hollywood Pictures
1793:
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1663:Meier & Frank
1639:LaCrosse Footwear
1627:Harry & David
1605:Cascade Microtech
1576:Louisiana-Pacific
1503:
1502:
1393:DVD.com (Netflix)
1276:
1275:
1172:Media related to
856:Statesman Journal
830:Statesman Journal
778:Statesman Journal
718:Statesman Journal
600:Trammell Crow Co.
598:In January 1999,
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483:Blockbuster Video
475:
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401:In January 1995,
360:Blockbuster Video
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273:rentals and sales
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65:"Hollywood Video"
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1463:Northern Ireland
1373:BlackBerry World
1324:Fandango at Home
1292:West Coast Video
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1218:Brick and mortar
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1144:on June 11, 2004
1140:. Archived from
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1008:on April 7, 2013
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858:. August 2, 1995
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432:Julie Wainwright
427:Julie Wainwright
392:Portland, Oregon
337:Springboro, Ohio
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1564:Integra Telecom
1559:Georgia-Pacific
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1413:Hollywood Video
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1349:Movies Anywhere
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1303:Streaming media
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913:. July 31, 1998
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832:. June 23, 1995
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1715:U.S. Bancorp
1622:Freightliner
1599:Camera World
1590:Acquired by
1412:
1388:Family Video
1339:iTunes Store
1227:Chain stores
1166:
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1146:. Retrieved
1142:the original
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1134:"Contact Us"
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43:verification
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1736:Defunct or
1480:Xtra-vision
1454:Video City
1450:Rogers Plus
1383:Civic Video
1369:Movie Kiosk
1282:DVD-by-mail
1268:Videoflicks
1263:Jumbo Video
1251:Blockbuster
651:January 16,
582:Wilsonville
403:Blockbuster
238:Liquidation
175:: HLYW
1800:Categories
1767:G.I. Joe's
1645:Les Schwab
1633:J. K. Gill
1617:Fred Meyer
1495:See also:
1445:Ritz Video
1285:and kiosks
1012:2015-12-28
983:2015-12-28
917:2018-10-01
696:2012-03-30
624:References
547:April 2012
505:Amazon.com
466:April 2012
341:Game Crazy
271:video game
221:2010-08-08
208:2010-07-31
145:Trade name
76:newspapers
1709:Tektronix
1470:Video Ezy
1458:Australia
1435:Quickflix
1378:CinemaNow
1334:Google TV
1329:Globoplay
937:CNET News
571:Beaverton
296:GameCrazy
167:Traded as
106:July 2016
1751:Emporium
1691:Sawyer's
1651:MathStar
1581:Banfield
1570:JELD-WEN
1403:LoveFilm
1367:Best Buy
607:See also
343:location
255:Products
225:(Canada)
180:Industry
1305:rentals
419:Houston
415:Chicago
377:History
327:in 2007
304:Website
267:Blu-ray
219: (
206: (
198:Defunct
190:Founded
90:scholar
1781:(1994)
1775:(2010)
1769:(2009)
1753:(2003)
1747:(2002)
1728:(2002)
1722:(2012)
1711:(2007)
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1635:(1980)
1629:(2014)
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1601:(2002)
1572:(2015)
1566:(2014)
1538:Oregon
1485:Zip.ca
1440:Redbox
1294:(Peru)
575:Oregon
493:Canada
421:, and
279:Parent
269:, and
184:Retail
173:Nasdaq
159:Public
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97:JSTOR
83:books
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530:not
240:sale
230:Fate
193:1988
69:news
957:."
461:.
388:VCR
263:DVD
259:VHS
52:by
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