Video Library was a publicly traded
video rental shop
A video rental shop/store is a physical retail business that rents home videos such as movies, prerecorded TV shows, video game discs and other media content. Typically, a rental shop conducts business with customers under conditions and terms a ...
based in
San Diego, California. It had 43 corporate stores from 1979 through 1989 before they were acquired and converted into
Blockbuster Video
Blockbuster or Block Buster may refer to:
* Blockbuster (entertainment) a term coined for an extremely successful movie, from which most other uses are derived.
Corporations
* Blockbuster (retailer), a defunct video and game rental chain
** Blo ...
in 1989.
History
Video Library made its
initial public stock offering in mid-1985.
Video Library was owned by Founder and President and Chief Executive Barry L. Rosenblatt, Chairman
Roy Keith Black, and shareholder Pauline Sussman. As part of the acquisition deal, the three received Blockbuster stock valued at $66.4 million. At the time of the acquisition, Blockbuster Video operated 58 company-owned and franchised Blockbuster Video Superstores.
Video Library reported $11.9 million (~$ in ) in revenue for the third quarter of Sept. 1987.
External links
at Blockbuster History
"Blockbuster to Buy Video Library for $6.4 Million" 1988-02-17. Retrieved 2017-07-28.*
ttp://articles.latimes.com/1987-11-17/business/fi-22140_1 "Video Library Goes Public." 1987-11-17. Los Angeles Times. Retrieved 2010-02-07.
{{Blockbuster
Video rental services
Blockbuster LLC