Family Video

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Family Video Movie Club, Inc.
Type Private
Industry Video rental
Founded 1978
Headquarters Glenview, Illinois, USA
Key people Charles Hoogland, CEO
Keith Hoogland, President
Eric Hoogland, Vice-President
Employees 7,000 (2012)
Website www.familyvideo.com

Family Video is the largest video rental chain in the United States, and largest overall ahead of Blockbuster.[1][2] The family-owned company is headquartered in Glenview, Illinois, and has over 775 stores in 19 states and Canada with the heaviest concentration in the Midwest.[3]

In addition to the brick and mortar store front, Family Video has branched off into other markets such as real estate, 24-hour fitness centers, and cable television.[4] The company also sells new and previously used items online.[5] Family Video expanded into the Canadian market in 2012. [6]

In 2013, following the continued decline of competing video rental stores, Family Video formed a partnership with Marco's Pizza providing space for the franchise in many of its stores. The company is using the partnership as a way to deliver video rentals with pizza orders. Family Video also leases space to other retailers such as hair salons and fitness centers.[7][8]

History[edit]

In 1946, Clarence Hoogland founded Midstates Appliance and Supply Company. His son Charles Hoogland inherited the business in 1953. The company later became a distributor for Magnetic Video.[9] After getting stuck with a large inventory of excess video movies in the late 1970s, Charles had the idea to start the Video Movie Club in Springfield, Illinois in 1978. The club originally charged a $25 membership fee and $5 per rental and later evolved into Family Video.[10]

In 2003, Family Video relocated its headquarters from Springfield, Illinois to Glenview, Illinois.

References[edit]

  1. ^ "Blockbuster to close about 300 stores in U.S.". Los Angeles Times. January 22, 2013. Retrieved February 26, 2013. 
  2. ^ "Dish Network to close 500 Blockbuster stores". Associated Press. February 24, 2012. Retrieved September 10, 2012. 
  3. ^ "About Family Video". Family Video, Inc. Retrieved September 10, 2012. 
  4. ^ "Chain with Illinois roots still growing after video-rental competitors stumble". TMC News. August 15, 2011. Retrieved September 10, 2012. 
  5. ^ The State Journal-Register
  6. ^ Wolter, Owen (January 17, 2012). "Opening Soon: Family Video Movie Rental Store at Tecumseh and Hall". City News. Retrieved September 10, 2012. 
  7. ^ Landis, Tim (February 6, 2013). "Family Video president sees continued growth". GateHouse Media Inc. Retrieved February 26, 2013. 
  8. ^ Penzenstadler, Nick. "Movie chain adds pizza to fight streaming wave". USA Today. Retrieved 31 January 2014. 
  9. ^ UIS receives $1 million gift for new recreation and fitness center
  10. ^ A History of Home Video and Video Game Retailing

External links[edit]