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Videoland (Netherlands)
Videoland is a Dutch Over-the-top media services, OTT online service provider owned by RTL Nederland. Originally it was a retail chain of video rental stores. Its main competitor is Netflix. History Videoland was founded by Nico Broersen and Gerard van Stijn and opened its first video rental store in 1984. From 1992 to 1996 Philips was the owner, and took over the management in the Netherlands. In 2004, the 200th store opened. By the end of the first decade of the 21st century, video stores came more and more under pressure due to the rise of Video-on-Demand services. Parent company Entertainment Retail Group filed for bankruptcy in 2010. The Videoland formula and franchise were then acquired by Moving Pictures Holding. Video-on-Demand Service Videoland on Demand is available since 2010 and RTL Nederland took a share of 65% in 2013. Since 2015 Videoland on Demand is fully owned by RTL Nederland. The rental stores closed their doors. Since 2015, the company has also been producin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |