132 Store Managers from Hollywood Video submitted salaries.
Former CEO: Mark Wattles
Status: Bankrupt as of May 2010
Founded in 1988 in Beaverton, Oregon, by Mark Wattles, Hollywood Entertainment grew to a total of 16 stores within five years. Hollywood Entertainment Corporation culture had grown beyond that of a simple, neighborhood video store and had started its path to becoming one of the largest rental chains in the United States of America. In 1994, it left Beaverton for a much larger building in Wilsonville, Oregon, in order to serve its growing needs better. Three years later, it was opening offices in San Francisco, California, Houston, Texas, and Chicago, Illinois. In 1999, it moved into an even larger space in the same town.
Hollywood Entertainment was the parent corporation of Hollywood Video, which was, at one time, one of the leading video rental chains in the country. Hollywood Entertainment boasted the ability to turn a completely empty space into a fully functioning Hollywood Video store in just a day. A short list of potential Hollywood Video careers included store manager, store director and sales associate. Many teenage workers held their first paid jobs working at Hollywood Entertainment stores, particularly as sales associates; the company offered the opportunity to rise to the position of store manager after starting as a sales associate. Hollywood Entertainment benefits were commensurate with those of similar positions at competing companies. By the beginning of the 21st century, Hollywood Video had become the second largest video rental chain in the country.
In 2005, after its number one competitor, Blockbuster Video, dropped its $1 billion acquisition offer, Hollywood Video was acquired by Movie Gallery, who continued to run Hollywood Video as a subsidiary out of the same Wilsonville offices while they remained at their headquarters in Dothan, Alabama for the next three years. Movie Gallery filed for Chapter 11 bankruptcy in 2007 but emerged from it the following year; at that time, it moved its headquarters to Wilsonville, where Hollywood Entertainment was still in operation.
However, as a result of the economic downturn following the economic crash of 2008, as well as the increasing competition from streaming video and the Internet, Movie Gallery filed for Chapter 7 bankruptcy in 2010. Its assets were liquidated, and those of Hollywood Video went with it; all 1,300 of its rental stores were closed down by July 31, and the contents of the company’s headquarters were auctioned off the following month.
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