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Family Video Announces the Closure of All Locations

Family Video Announces the Closure of All Locations

The last of the big three American video rental chains, Family Video, announces they would be shutting down their remaining 250 stores due to the impact of the Covid-19 pandemic. Because they actually owned their properties rather than leased them, they were able to...
Hollywood Wins Injunction Against DVD Streaming Service

Hollywood Wins Injunction Against DVD Streaming Service

In April, a group of Hollywood studios lead by Warner Brothers, sued WTV Systems, the parent company to DVD-streaming service, Zediva.com. A court injunction shuts down the service, finding that copyright holders ought to have the right to determine how their films...
Blockbuster Files Chapter 11 Bankruptcy

Blockbuster Files Chapter 11 Bankruptcy

After several poor decisions related to their DVD-by-mail program, and accruing a debt valued at $900 million, Blockbuster files for Chapter 11 bankruptcy. Over the next year, they would begin closing stores from their 3,300 store chain. Unable to meet the terms of...
Movie Gallery Files Chapter 7 Bankruptcy

Movie Gallery Files Chapter 7 Bankruptcy

Movie Gallery, parent company of Hollywood Video, decides to liquidate all of its assets after two previous Chapter 11 bankruptcy filings. The company begins the process of shutting down all their stores.
Netflix Begins Rolling Out Their Streaming Service

Netflix Begins Rolling Out Their Streaming Service

Netflix slowly rolls out their movie streaming service at 250,000 customers at a time. Its a subscription-based streaming only service. Depending of the subscription, users are given an allotment of viewing hours each month. There are 1,000 titles to choose from at...