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Movie Gallery
Movie Gallery, Inc. was an American movie and game rental company based in Wilsonville, Oregon. With a total of 4,749 stores at its peak, it was the second largest video retailer in the United States and Canada, behind Blockbuster Video. The company rented and sold Blu-ray Discs, DVDs, VHS tapes, and video games. Initially founded in Dothan, Alabama by Joe Malugen and Harrison Parrish, the company moved its headquarters to Wilsonville in 2009. On April 30, 2010, Movie Gallery announced it was closing and liquidating all of its stores per a filing of Chapter 7 bankruptcy. At the time of the company's bankruptcy, the company had approximately 2,500 stores in North America, operating under the Movie Gallery, Hollywood Video, and GameCrazy brands. The last of the company's stores were closed in August 2010. In 2011, three Movie Gallery locations in Northwest Arkansas reopened by an independent business owner who acquired the trademark rights in Arkansas. In 2013, an independe ...
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Cheyenne, Wyoming
Cheyenne ( or ) is the List of capitals in the United States, capital and List of municipalities in Wyoming, most populous city of the U.S. state of Wyoming. It is the county seat of Laramie County, Wyoming, Laramie County, with 65,132 residents per the 2020 United States census, 2020 census. It is the principal city of the Cheyenne metropolitan area, which encompasses all of Laramie County and had 100,512 residents as of the 2020 census. Local residents named the town for the Cheyenne Native Americans in the United States, Native American people in 1867 when it was founded in the Dakota Territory. Along with Honolulu, Hawaii, Oklahoma City, Oklahoma, and Topeka, Kansas, Cheyenne is one of four state capitals with an indigenous name in a state with an indigenous name. Cheyenne is the northern terminus of the extensive Southern Rocky Mountain Front, which extends southward to Albuquerque, New Mexico, and includes the fast-growing Front Range Urban Corridor. Cheyenne is situated ...
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Video Game
A video game or computer game is an electronic game that involves interaction with a user interface or input device (such as a joystick, game controller, controller, computer keyboard, keyboard, or motion sensing device) to generate visual feedback from a display device, most commonly shown in a video format on a television set, computer monitor, flat-panel display or touchscreen on handheld devices, or a virtual reality headset. Most modern video games are audiovisual, with Sound, audio complement delivered through loudspeaker, speakers or headphones, and sometimes also with other types of sensory feedback (e.g., haptic technology that provides Touch, tactile sensations). Some video games also allow microphone and webcam inputs for voice chat in online gaming, in-game chatting and video game livestreaming, livestreaming. Video games are typically categorized according to their hardware platform, which traditionally includes arcade video games, console games, and PC game, comp ...
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Video Update
Video Update was an American chain of movie rental stores. Founded in Minnesota in 1982, the company remained small until after going public in 1994, when it began expanding aggressively, primarily by acquisitions. The last of these, a 1998 merger with the South Carolina–based Moovies chain, made the company the third-largest in the video rental space behind Blockbuster and Hollywood Video, at one point boasting more than 700 stores. It also saddled the company with debt and created management problems just as the industry experienced a downturn. A wave of closures and payment difficulties with vendors and lenders led to a Chapter 11 bankruptcy filing in 2000 and a purchase of its U.S. and Canadian stores by Movie Gallery the next year. The name survived on at least one franchised store until 2012. Early years and rapid growth Video Update was founded in St. Paul, Minnesota, in 1982, by Daniel Potter and John Bedard. Potter and Bedard, who met in law school and shared a love o ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ...
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Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in t ...
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Blockbuster LLC
Blockbuster or Blockbuster Video is an American multimedia brand which was founded by David Cook in 1985 as a Small business, single home video video rental shop, rental shop, but later became a public store chain featuring video game rentals, DVD-by-mail, streaming media, streaming, video on demand, and cinema theater. The company expanded internationally throughout the 1990s. At its peak in 2004, Blockbuster employed 84,300 people worldwide and operated 9,094 stores. Poor leadership and the impact of the Great Recession were major factors leading to Blockbuster's decline, as was the growing competition from Netflix, Inc., Netflix's mail-order service, video on demand (including the Netflix streaming service), and Redbox automated kiosks. Significant loss of revenue occurred during the late 2000s, and the company filed for bankruptcy protection in 2010. The next year, its remaining 1,700 stores were bought by satellite television provider Dish Network; by 2014, the last 300 comp ...
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The Dallas Morning News
''The Dallas Morning News'' is a daily newspaper serving the Dallas–Fort Worth area of Texas, with an average print circulation in 2022 of 65,369. It was founded on October 1, 1885, by Alfred Horatio Belo as a satellite publication of the '' Galveston Daily News'', of Galveston, Texas. Historically, and to the present day, it is the most prominent newspaper in Dallas. Throughout the 1990s and as recently as 2010, the paper has won nine Pulitzer Prizes for reporting and photography, George Polk Awards for education reporting and regional reporting, and an Overseas Press Club award for photography. Its headquarters is in downtown Dallas. History ''The Dallas Morning News'' was founded in 1885 as a spin-off of the '' Galveston Daily News'' by Alfred Horatio Belo. In 1926, the Belo family sold a majority interest in the paper to its longtime publisher, George Dealey. By the 1920s, ''The Dallas Morning News'' had grown larger than the ''Galveston Daily News'' and had bec ...
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Jackson, Mississippi
Jackson is the List of capitals in the United States, capital and List of municipalities in Mississippi, most populous city of the U.S. state of Mississippi. The city sits on the Pearl River (Mississippi–Louisiana), Pearl River and is located in the greater Jackson Prairie region of Mississippi. Along with Raymond, Mississippi, Raymond, Jackson is one of two county seats for Hinds County, Mississippi, Hinds County. The city had a population of 153,701 at the 2020 United States census, 2020 census, a decline of 11.42% from 173,514 since the 2010 United States census, 2010 census, representing the largest decline in population during the decade of any Major cities in the U.S., major U.S. city. The Jackson metropolitan area, Mississippi, Jackson metropolitan area is the largest metropolitan area located entirely in the state and the tenth-largest urban area in the Deep South, with 592,000 residents in 2020. The city is located in the Deep South halfway between Memphis, Tennessee ...
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Northwest Arkansas
Northwest Arkansas (NWA) is a metropolitan area and region in Arkansas within the Ozarks. It includes four of the ten largest cities in the state: Fayetteville, Arkansas, Fayetteville, Springdale, Arkansas, Springdale, Rogers, Arkansas, Rogers, and Bentonville, Arkansas, Bentonville, the surrounding towns of Benton County, Arkansas, Benton and Washington County, Arkansas, Washington County (United States), counties, and adjacent rural Madison County, Arkansas. The United States Census Bureau-defined Fayetteville–Springdale–Rogers Metropolitan Statistical Area includes and 590,337 residents (as of 2023), ranking NWA as the 98th most-populous List of Metropolitan Statistical Areas, metropolitan statistical area in the U.S. and the 13th fastest growing in the United States. Northwest Arkansas doubled in population between 1990 and 2010. Growth has been driven by the three Fortune 500 companies based in NWA: Walmart, Tyson Foods, and J.B. Hunt, J.B. Hunt Transport Services, Inc ...
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GameCrazy
GameCrazy was a video game retailer based in Wilsonville, Oregon. It was a subsidiary of Movie Gallery. The stores were often, but not always, located adjacent to Hollywood Video rental stores. GameCrazy and its parent company, Movie Gallery, filed for bankruptcy in May 2010. History In 1999, to compete in a growing video game market, Hollywood Entertainment launched a store-within-a-store concept called GameCrazy. It featured the ability to buy, sell, and trade video games, systems, and accessories inside of Hollywood Video stores. Each respective location offered video games for all "next generation" platforms in both new and used conditions. Select locations offered products for older systems such as the NES and Sega Genesis. GameCrazy enabled customers to play a particular title, new or used, prior to purchase. This "try before you buy" option was a staple GameCrazy policy. Movie Gallery launched a similar store-within-a-store initiative called Game Zone. These store ...
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Liquidation
Liquidation is the process in accounting by which a Company (law), company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as :wikt:wind up#Noun, wound-up or dissolved, although Dissolution (law), dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or Government agency, agency in a country responsible for collecting and safeguarding Duty (economics), customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust"; or sometimes a court can mandate the appointment of a liquidator e.g. ''wind-up order'' in Australia) or voluntary (sometimes referred to as a ''sharehold ...
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VHS Tape
VHS (Video Home System) is a discontinued standard for consumer-level analog video recording on tape cassettes, introduced in 1976 by JVC. It was the dominant home video format throughout the tape media period of the 1980s and 1990s. Magnetic tape video recording was adopted by the television industry in the 1950s in the form of the first commercialized video tape recorders (VTRs), but the devices were expensive and used only in professional environments. In the 1970s, videotape technology became affordable for home use, and widespread adoption of videocassette recorders (VCRs) began; the VHS became the most popular media format for VCRs as it would win the "format war" against Betamax (backed by Sony) and a number of other competing tape standards. The cassettes themselves use a 0.5-inch magnetic tape between two spools and typically offer a capacity of at least two hours. The popularity of VHS was intertwined with the rise of the video rental market, when films were re ...
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