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Suncoast Motion Picture Company history
Suncoast Motion Picture Company company history timeline
Nonetheless, flush with revenues of $327.5 million and profits of $8.8 million, the subsidiary entered 1986 both comfortable in the knowledge that it was the nation's largest music retailer and hungry for further expansion.
The offering was postponed until February 1987, when 19 percent of Musicland was sold by parent company American Can (that same year, American changed its name to Primerica), the newly public firm dubbed the Musicland Group, Inc.
In July 1990 the company entertained plans of going public, believing it could raise as much as $96 million in interest-free capital.
The company closed more than 100 stores, including 19 Media Play outlets, and scaled back its expansion plans. It also shut down its St Louis Park distribution center, with operations there shifted to a huge new facility that had opened in Franklin, Indiana, in March 1995.
2000: Musicland agrees to be acquired by Best Buy Co. for $685 million.
In 2001, Best Buy purchased their then parent-company, Musicland, for $685 million.
In January 2003, Best Buy closed 20 Suncoast stores as part of a larger closing that included 90 Sam Goody stores.
In late March 2006, Trans World Entertainment Corp. completed the purchase of nearly all of the assets of Musicland Holding Corporation for $104.2 million in cash and $18.1 million in assumed liabilities.
However, on December 26, 2009, they announced the closure of 150 Suncoast stores nationwide.
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Suncoast Motion Picture Company competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ted Baker | 1988 | $791.5M | 25 | - |
| Riddle's Jewelry | 1959 | $190.0M | 750 | 18 |
| Big Lots | 1967 | $4.7B | 22,900 | - |
| Valu Home Centers | 1968 | $130.0M | 650 | 27 |
| Whitlow | 1929 | $4.6M | 29 | 339 |
| Trans World Entertainment | 1972 | $417.8M | 136 | - |
| Charming Shoppes, Inc. | 1940 | $2.0B | 10,300 | - |
| Old America | 1980 | $120.0M | 700 | - |
| Schurman Retail Group | 1950 | $300.0M | 25 | - |
| Lechters Housewares | 1975 | $68.0M | 350 | - |
Suncoast Motion Picture Company history FAQs
Zippia gives an in-depth look into the details of Suncoast Motion Picture Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Suncoast Motion Picture Company. The employee data is based on information from people who have self-reported their past or current employments at Suncoast Motion Picture Company. 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 Suncoast Motion Picture Company. The data presented on this page does not represent the view of Suncoast Motion Picture Company and its employees or that of Zippia.
Suncoast Motion Picture Company may also be known as or be related to Paramount Pictures (1986–1988), Suncoast Motion Picture Co and Suncoast Motion Picture Company.