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Movie Gallery history
Movie Gallery company history timeline
Movie Gallery was founded in the year 1985.
Movie Gallery was formed in 1985 by Joe Malugen and Harrison Parrish in Dothan, Alabama.
1988: Movie Gallery begins to consolidate its franchises into company-owned stores.
In 1988, the company began to consolidate the franchisees into company owned stores.
1992: The company acquires the rights to the Movie Gallery name.
By 1992, the company had a total of 37 stores and annual revenues of $6 million.
To raise money and pay off debt, Movie Gallery went public in 1994.
By 1994 Movie Gallery had 73 stores with sales over $12 million.
In early 1995, the company raised additional public funds and continued the acquisition and development of stores.
The Summer Olympics in 1996 and delays in Nintendo's new N64 platform hurt video store sales further.
1996: The company purchases Home Vision video chain.
By the middle of 1996, only 22 months after beginning its aggressive expansion strategy, Movie Gallery had grown to over 850 stores through over 100 separate acquisitions.
In March 1998 the company received more good news: a judge ruled in favor of Movie Gallery and against Home Vision Entertainment Inc.
In April 1999 Movie Gallery signed a deal with TransWorld Entertainment chains to test FastTake video kiosks in its stores to give customers background information on thousands of videos.
By 1999, Movie Gallery was back on the buying track--it had 900 stores and planned to continue acquiring new ones.
In the first quarter of 1999, Movie Gallery posted a net income of $1.8 million and was utilizing its positive cash flow to reduce its debt.
In 1999, Movie Gallery announced plans to build 100 new stores.
In 2000, Movie Gallery again set its goal at opening 100 new stores and relocating 25.
The company moved forward with its largest single-chain acquisition to date, expanding its base of stores by 30%, in late December 2001.
Movie Gallery achieved the 1,678 store mark in 2002.
In 2005, the company completed the largest acquisition to date with the Hollywood Entertainment merger.
The company began having financial difficulties and announced the closure of 520 stores in September 2007.
Because of these troubles, the stock price dropped below $1 per share and was removed from listing on the NASDAQ stock exchange in November 2007.
Movie Gallery emerged from Chapter 11 in May 2008 and appointed C. J. Gabriel, Jr. as the new chief executive officer.
Founder and former CEO Joe Malugen continued to serve on the Movie Gallery Board of Directors until leaving on July 30, 2008.
The company relocated its headquarters to Wilsonville, Oregon, (home of the Hollywood Video subsidiary) in late 2008.
In early 2009, Movie Gallery operated about 2,700 locations and 1,300 Hollywood Video locations in the United States.
In the year 2011, three Movie Gallery locations in Northwest Arkansas were again reopened by an independent business owner, who had acquired the trademark rights in Arkansas.
Then in the year 2013, an independent businessman in Jackson, Mississippi had also acquired the trademark rights in Mississippi to Movie Gallery and Hollywood Video and announced intentions to reopen select previously profitable stores as well.
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Movie Gallery competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Mattress Firm | 1986 | $2.5B | 10,000 | 249 |
| Shane | 1971 | $210.0M | 542 | 22 |
| Vitamin Shoppe | 1977 | $1.1B | 4,022 | 312 |
| Men's Wearhouse | 1973 | $1.5B | 10,001 | - |
| Anthropologie | 1992 | $5.6B | 5,012 | - |
| Sports Authority | 1928 | $1.9B | 15,250 | - |
| Dots | 1987 | $360.0M | 2,500 | 48 |
| Tuesday Morning | 1974 | $749.8M | 1,607 | - |
| AmAppInc | 1987 | $608.9M | 8,000 | - |
| PacSun | 1982 | $797.8M | 10,300 | 1,073 |
Movie Gallery history FAQs
Zippia gives an in-depth look into the details of Movie Gallery, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Movie Gallery. The employee data is based on information from people who have self-reported their past or current employments at Movie Gallery. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Movie Gallery. The data presented on this page does not represent the view of Movie Gallery and its employees or that of Zippia.
Movie Gallery may also be known as or be related to Movie Gallery, Movie Gallery Inc and Movie Gallery, Inc.