When did Family Video go out of business?
In late 2019, the number of stores was reported to be almost 600, down from a peak of 800, but due to the COVID-19 pandemic, the chain was forced to close 200 stores in autumn 2020, with about 300 locations remaining. On January 5, 2021, the company announced all remaining 250 stores would close.
Is Family Video selling their movies?
Physical media collectors trust Family Video and purchase new and used films for a fraction of the price. With over 50,000 movies available for purchase, our site helps you find the perfect movies. Our top selling movies are our weekly new releases that come out each Tuesday.
Why is Family Video going out of business?
The year 2020 saw very few movie releases due to COVID-19. The lack of new movies and the push for people to stay home caused business for Family Video to plummet. According to Hoogland, this pushed Family Video to, “the end of an era.”
Are all family videos going out of business?
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.