8/6/2023 0 Comments Family video highland inQ: What specifically were you doing that the other video chains weren't? And that's been really the biggest part of our business: continuing to rent videos, make it comfortable. Because we are our own landlord, we can control our rents and also the size of our space. I think that the most important thing to talk about is our real estate piece. But what happened was Blockbuster and Hollywood Video all went out of business about the same time, and so our business model was very different from theirs from the very beginning. How have you managed to stay alive as consumers move to digital and video streaming to watch movies and television?Ī: It's been a little bit difficult, obviously. Q: Blockbuster was acquired by Dish Network in 2011 and closed all its corporate-owned stores. The following interview has been edited for length and clarity. Since Keith took over in 1995, the company has expanded. Hoogland, whose office is in Glenview, frequently says "we" when he talks about his business, which he says means his team and namely his father, Charlie, who launched the video arm of Highland Ventures in 1978. He's even dabbled in the cable business, although he sold that venture this year. Still, that doesn't worry Hoogland, 57, who started working in the privately held family business at age 23 and since then has always had the next idea percolating.Įven though Family Video's revenues have declined in recent years, Hoogland has managed to keep his company growing, he says, with nearly 10,000 employees and real estate over roughly 760 locations (660 of which he owns), properties that include Family Video stores, Stay Fit 24 gyms, Marco's Pizza restaurants (located inside Family Video) and Digital Doc, an electronics retailer and repair service. At a time when Amazon, Apple and Comcast rule the movie rental business, Keith Hoogland is quick to point out that renting videos the old-fashioned way - at an actual video store - is not out of style.īut Hoogland, president of Family Video parent Highland Ventures, also admits he knows that the old-school method of renting videos will eventually vanish.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |