It was less expensive up-front and allowed them to carry more copies of movies.
Family video highland in movie#
They owned their movies: Blockbuster and other chains had revenue sharing models with movie studios for rentals. “We own all of our real estate, so all those buildings we’re in, we own those,” Hoogland said. Family Video owns the buildings they are open in. They owned their buildings: One of the biggest issues for Blockbuster at the end was trying to pay or renegotiate their leases when business tanked. Recently, some Family Video stores even started selling CBD products. “We just saw it as a great mesh, pizza and a movie. “We had 7,000 square feet of space for video here.
They partnered with and brought Marco’s Pizza locations, bringing the pizza and a movie plan into their business model. The ability to improvise: When video rental sales started dropping, Family Video tried something. It seemed that Family Video somehow outlived many of its competitors, like Blockbuster, Hollywood Video and even Mammoth Video (pay homage). If you live near one, or drive by one, you’ve probably wondered the same thing I have (for years) - how are they still open?! How did Family Video last so long?įamily Video was a Midwest staple - and very well-known in Michigan. Hoogland said the stores are closing due to the impact of COVID-19, “not only in foot traffic but also in the lack of movie releases.” And, of course, we live in a streaming, on-demand world now. Surviving 10 years longer than the big 3, Blockbuster, Movie Gallery and Hollywood Video, we are among the few that started with Beta, moved on to VHS and remained a part of the DVD & Blu-Ray Era,” reads a statement from Keith Hoogland, CEO of Highland Ventures LTD. “What began as a handful of 500 square foot video rental locations, grew to 800 locations with up to 7,000 square feet of video rental and retail. It’s essentially the end of video rental stores in Michigan.
It’s the end of an era: Longtime video rental chain Family Video is closing up shop.įamily Video parent company Highland Ventures announced the news on Tuesday, a mass closure that will include more than 50 locations in Michigan.
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