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Family Video is shutting down all of its 248 video-rental locations across the U.S., with the 42-year-old chain citing the COVID pandemic as the final blow to a business already decimated by the rise of streaming.
Family Video Today We are the largest movie and game rental chain in the United States. We operate over 500 Family Video stores in 20 U.S. states and Canada.
Facing an already shrinking business, the pandemic proved too great a wound for America’s last major video rental chain to survive and on Friday, Family Video will close the last of its 700 stores. … “He passed away on June 25th and within six or seven months, the video business ends.
- Iowa. Bettendorf, IA (2925 18th St) …
- Illinois. Belleville, IL (1838 Central Plaza Dr) …
- Indiana. Anderson, IN (615 S Scatterfield Rd) …
- Kansas. Derby, KS (818 E Meadowlark Rd) …
- Kentucky. Bowling Green, KY (1870 Westen St) …
- Michigan. Adrian, MI (1407 W Maumee St) …
- Minnesota. …
- Missouri.
The company’s origins go back to 1978, when the first Video Movie Club, as it was known then, opened in Springfield, Illinois. At its peak, the chain had 800 stores. With locations concentrated largely in smaller cities and rural areas in the Midwest, Family Video outlasted rival Blockbuster Video by nearly a decade.
It has a steady lease agreement, and the local owners, Ken and Debbie Tisher, have leased the property since 1992, when it was a Pacific Video store. The store was franchised in 2000 and became a Blockbuster. In its heyday, Blockbuster Video had 9,000 stores around the world.
Widespread adoption of video on demand and video streaming services such as Netflix in the 2010s sharply reduced most major rental chains’ revenue, leading to the closure of many locations. Due to significantly less demand, few rental shops have survived into the present day.
Why did Blockbuster stores close? With streaming services such as Netflix and Hulu growing in popularity, plus the former video giant no longer penalizing customers with late fees, Blockbuster was forced to file for bankruptcy. Though Dish Network attempted to keep stores open, the store locations were eventually sold.
At that time, the franchise was at its peak with 9,000 brick-and-mortar stores worldwide. Today, only one remains in Bend, Oregon. It has been dubbed The Last Blockbuster. Franchisee Sandi Harding has pledged to keep it open for as long as Dish Network continues to license the name to her.
Family Video, a video rental company that outlived Blockbuster by a decade, announced this week that it will close its several hundred locations after 42 years in business. The news marks the end, at long last, of the in-person movie-rental industry.
| Trade name | Hollywood Video |
|---|---|
| Defunct | 2010 |
| Fate | Chapter 7 bankruptcy Liquidation sale |
| Headquarters | Wilsonville, Oregon |
| Products | VHS, DVD, Blu-ray, and video game rentals and sales |
It’s not 2004 and there certainly aren’t 9,000 Blockbuster franchises left. It’s 2021, there’s just one Blockbuster store left, and this nightmarish heat wave certainly isn’t done yet. The last-standing store is located in Bend, Oregon, and this week, don’t you dare touch the door handle, manager Sandi Harding said.
After more than a year of benching its biggest spectacles, Hollywood is ready to dazzle again. From “F9” and “In the Heights” to “The Suicide Squad” and “Black Widow,” there will be a steady stream of blockbusters populating multiplexes for the first time since March 2020.