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The New Release was a company that owned and operated DVD rental kiosks. The company was based in Houston and was part of privately held TNR Entertainment Corp. TNR was acquired by NCR in 2009. [1] [2] NCR had in 2008 partnered with Blockbuster to establish a channel for kiosk DVD rentals, and TNR's acquisition furthered this aim. [3]
After getting stuck with a large inventory of excess video movies in the late 1970s, Charles got the idea of creating the Video Movie Club in Springfield, Illinois in 1978. The club originally charged a $25 membership fee and $5 rental fee. [3] The chain was later renamed Video Movies Inc. by the 1980s before becoming Family Video. [4]
Hastings Entertainment was an American retail chain that sold books, movies, music, and video games and functioned as a video rental shop.As of 2016 it had 126 superstores, which were mainly located in the South Central United States, Rocky Mountain States, and in parts of the Great Plains and Midwestern states.
On March 3, 2021, Alamo Drafthouse filed for Chapter 11 bankruptcy protection. As part of its restructuring, locations across the southern U.S. were closed, and plans to open an Orlando, Florida location were cancelled. [29] [30] The debtors were represented by Young Conaway Stargatt & Taylor as counsel and Houlihan Lokey as investment banker.
The Chapter 11 reorganization plan failed to solve all of the company's problems; Movie Gallery's stock fell from $1.25 at close in October 2009 to $0.05 a share at close on December 3, 2009, [18] and many locations fell behind on rent. [19] On February 1, 2010, stores received a report stating that about 800 stores were to be shut down.
Older movies would be re-categorized as "Blockbuster Favorite" titles and placed in a different area of the store. [139] Most Blockbuster locations also accepted trade-ins of used movies, TV shows, and games. [140] Since Blockbuster's founding in 1985, the chain refused to stock adult films in order to portray the brand as family-friendly. [141]
Hollywood Entertainment Corp., [1] more commonly known as Hollywood Video, was an American video rental store chain. 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]
Houston (/ ˈ h juː s t ən / ⓘ HEW-stən) is the most populous city in the U.S. state of Texas and in the Southern United States.Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County, as well as the principal city of the Greater Houston metropolitan area, the fifth-most populous metropolitan statistical area in the United States and the ...
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