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Erol's Inc. was a video rental and electronic sales and repair company founded in 1963, which included video rental in 1980. By 1985, Erol's was the country's largest privately owned videocassette rental company. [1] It was sold to Blockbuster Video for $40 million (~$82.5 million in 2023) in 1990. [2]
After getting stuck with a large inventory of excess video movies in the late 1970s, Charles got the idea of creating the Video Movie Club in Springfield, Illinois in 1978. The club originally charged a $25 membership fee and $5 rental fee. [3] The chain was later renamed Video Movies Inc. by the 1980s before becoming Family Video. [4]
The exterior of a video rental store in Austin, Texas (closed in 2020) A display case of DVDs in a former Blockbuster video rental store. A video rental shop/store is a physical retail business that rents home videos such as movies, prerecorded TV shows, video game cartridges/discs and other media content.
This series explores aspects of America that may soon be just a memory -- some to be missed, some gladly left behind. From the least impactful to the most, here are 25 bits of vanishing America. I ...
On this day in 1985, the first Blockbuster video store rental opened in Dallas, Texas. Blockbuster was founded by David Cook, who at the time had owned a computer software business. However, it ...
Hastings Entertainment was an American retail chain that sold books, movies, music, and video games and functioned as a video rental shop.As of 2016 it had 126 superstores, which were mainly located in the South Central United States, Rocky Mountain States, and in parts of the Great Plains and Midwestern states.
Popular digital movie retailers include Amazon Prime Video, Apple TV, Google Play, Vudu, and FandangoNow. With video rental chains a relic of the past, online streaming has become the new standard ...
Many video rental stores also sell previously viewed movies and/or new unopened movies. In the 1980s, video rental stores rented films in both the VHS and Betamax formats, although most stores stopped using Betamax tapes when VHS won the format war late in the decade. The shift to home viewing radically changed revenue streams for film ...