BNET Industries
Last Fiscal Year Sales:$1.9B
- Public
- US
Dow Jones Description
We are the leading home video specialty retailer primarily focused on rural and secondary markets. We currently own and operate approximately 2,500 retail stores, located throughout North America, that rent and sell DVDs, videocassettes and video games. Our target markets are small towns and suburban areas of cities with populations generally between 3,000 and 20,000 where our primary competitors are typically independently owned stores and small regional chains. We compete with the other two national chains (Blockbuster and Hollywood) in approximately one-third of our store locations. Since our initial public offering in August 1994, we have grown from 97 stores to our present size through acquisitions and new store openings. We believe we are the lowest cost operator among the leading national home video specialty retail chains. We have developed and implemented a flexible and disciplined business strategy that centers on driving revenue growth, maximizing store level productivity and profitability and minimizing operating costs. By focusing on rural and secondary markets we are able to reduce our operating costs through lower rents, flexible leases, reduced labor costs, and economies of scale while simultaneously offering a large product assortment.
Chairman, President & CEO
Joe MalugenNumber of Employees 45,873
Peer Companies
NAICS Code Video Tape and Disc Rental: 532230
Recent Events
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These Kiosks need power, since they are not paying the bills how will these operate....
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Movie Gallery to test Digiboo digital kiosks
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Movie Gallery, Inc. Unveils New iPhone App and Web Sites to Deliver Movie Guidance On-The-Go...
News & Analysis
Filter by
company and movie gallery inc. - All News and Analysis
MGWE, SPZI, SZSN, BDGR, MOVI "Red Hot Penny Stock Alert".
M2 PRESSWIRE-16 July 2007-redhotpennystock.com: MGWE, SPZI, SZSN, BDGR, MOVI "Red Hot Penny Stock Alert"C1994-2007 M2 COMMUNICATIONS LTD RDATE:16072007 Bull in Advantage, LLC a.k.a. Redhotpennystock.com names Magicweb, Inc. (PINKSHEETS: MGWE), Spooz, Inc. (Pink Sheets: SPZI), Shandong Zhouyuan Seed and Nursery Co.,...
MOVI, IYXI, BQTG, NNSR "Red Hot Penny Stock Alert".
M2 PRESSWIRE-3 July 2007-redhotpennystock.com: MOVI, IYXI, BQTG, NNSR "Red Hot Penny Stock Alert"C1994-2007 M2 COMMUNICATIONS LTD RDATE:03072007 Bull in Advantage, LLC a.k.a. Redhotpennystock.com names Movie Gallery, Inc. (Nasdaq: MOVI), Inyx, Inc. (OTCBB: IYXI), BioQuest Technologies, Inc., (Pink Sheets: BQTG) NanoSensors,...
Gallery secures credit; sublet plan will 'right size' stores.(Movie Gallery Inc.)(Brief article)
Movie Gallery last week reached new terms with its lenders and unveiled a plan to cut the rental footprint of many of its stores. Together, the moves boosted the company's stock back up over $3, from the $2 depths it had sunk...
Gallery stock plunges.(Movie Gallery Inc.)(Brief article)
* Shares of Movie Gallery plunged more than 20% last week after reports suggested the company's cash position was more dire than previously thought. According to DebtWire, the company told its creditors in a meeting last week that earnings before i * Shares of...
Dothan meets Hollywood: after two decades of acquisitions, Movie Gallery could double its size in one deal.(VB high profile: Movie Gallery 20th anniversary)(Movie Gallery Inc. buys Hollywood Entertainment Corp. stores)(Company Profile)
Alabama-born Movie Gallery celebrates 20 years of bringing entertainment to rural renters this year, and the party is already shaping into one the whole industry will be watching. With its keen understanding of its customer base and localized ...
Adelphia Deploys new Platform: BTWO, TWX, ADELQ, TIVO, NFLX.
M2 PRESSWIRE-11 January 2005-InvestSource Inc.: Adelphia Deploys new Platform: BTWO, TWX, ADELQ, TIVO, NFLXC1994-2005 M2 COMMUNICATIONS LTD RDATE:01112005 Stocks in the News: B2Digital Incorporated (OTC: BTWO), Netflix Incorporated (NASDAQ: NFLX), Blockbuster Incorporated (NYSE: BBI), Hollywood Entertainment Corporation (NASDAQ: HLYW), Movie...
Movie Gallery Completes Previously Announced Line Of Credit Agreement With First Union Corporation For $125 Million
DOTHAN, Ala.--BUSINESS WIRE--July 11, 1996--Movie Gallery, Inc. (Nasdaq/NM: MOVI) today announced that it has completed its previously announced agreement with respect to a $125 million revolving line of credit from First Union Corporation. The declining-balance credit facility, which has a term of four years, was negotiated with First Union's...
Sales decline erodes Movie Gallery stock. (Movie Gallery Inc.)
Movie Gallery's stock plunged by 31.3% last week, falling to $22 after the company projected a 2% to 3% decline in same-store revenues for the second quarter. Nervous investors apparently weren't calmed by the company's more positive news of a ne Movie...
Movie Gallery Announces J. Steven Roy Promoted To Senior Vice President And Chief Financial Officer
DOTHAN, Ala.--BUSINESS WIRE--May 8, 1996--Movie Gallery, Inc. (Nasdaq/NM:MOVI) today announced the promotion of J. Steven Roy to Senior Vice President and Chief Financial Officer from Senior Vice President - Finance and Chief Accounting Officer. Mr. Roy, who is 35 years of age, joined Movie Gallery in this previous position...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Sherif Mityas | President, Retail Operations & Chief Operating Officer |
| Craig Miller | Chief Information Officer |
| Ivy Jernigan | CFO |
| Mark S. Loyd | Chief Admin Officer & Executive Vice President, Purchasing & Product Management |
| S. Page Todd | General Counsel, Executive Vice President & Secretary & Chief Compliance Officer |
| Theodore L Innes | Chief Marketing Officer |
| Guy Marsala | Executive Vice President, Operations |
| Keith Cousins | Executive Vice President, Development |
| Michelle Lewis | Senior Vice President & Treasurer |
| Thomas Johnson | Senior Vice President, Investor Relations |
| Mark D. Moreland | Vice President, Finance & Treasurer |
| Donald Clay Young | Co-Founder |
| Bo Collins | |
| Philip B Smith | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Joe Malugen | Chairman, President & CEO |
| H. Harrison Parrish | Vice Chairman & Senior Vice President |
| James C. Lockwood | Board of Directors |
| John J. Jump | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Chairman, President & CEO | Current |
| Movie Gallery Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | President, Retail Operations & Chief Operating Officer | Current |
| A.T. Kearney, Inc. | Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Chief Information Officer | Current |
| Bank of America Corporation | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | CFO | Current |
| Movie Gallery Inc. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Chief Admin Officer & Executive Vice President, Purchasing & Product Management | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | General Counsel, Executive Vice President & Secretary & Chief Compliance Officer | Current |
Theodore L. Innes, appointed to the board of AIMS Worldwide Inc. of Fairfax. Innes is chief marketing officer of Movie Gallery, the second largest home video specialty retailer in North America. (Business Wire)
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Chief Marketing Officer | Current |
| Virginia Business | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Executive Vice President, Operations | Current |
| Corinthian Colleges, Inc. | Executive Vice President, Admin | Former |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Executive Vice President, Development | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Senior Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Senior Vice President, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Vice President, Finance & Treasurer | Current |
After graduation, Don worked at Valbro Corporation in Winter Garden for 2 years. He then joined the Marine Corps where he spent 20 years - retiring as a Marine Corps Captain. He then worked at the Oscoela County School District for 20 years in the position of Director of MIS/Data Processing. During his Marine Corps career, Don earned a Bachelor's Degree in Economics/Business from Park College and a Master's Degree from Pepperdine University. He is also co-founder and former President of Movie Gallery Corporation. Don retired from the Osceola County School District in 1997. Don is married to the former Charlotte Noah from Scio, Ohio. They have three children, seven grandchildren, and 2 great grandchildren. They are now enjoying retirement living on the golf course in Lake Lure, N.C.
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Co-Founder | Current |
| Osceola High School - Class of 1955 | Current | |
| Movie Gallery Inc. | President | Former |
| Marine Corps | Former |
Bo Collins is the Sr. Director of Loss Prevention Support for Movie Gallery/Hollywood video. Movie Gallery is the 2nd largest video rental chain in the United States with over 4500 store locations and employees over 40,000 employees. Bo is responsible for Movie Gallery?s collections department and oversees a team of Loss Prevention investigators conducting employee theft investigations across the entire chain. He also maintains the support functions for the Loss Prevention field teams as well as the background screening and burglar alarms. Bo has been employed with Movie Gallery for nearly 5 years and has developed a passion for Loss Prevention.
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Current | |
| Retail Theft Database | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Vice Chairman & Senior Vice President | Current |
| Compass Bancshares, Inc. | Board of Directors | Current |
| Movie Gallery Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Movie Gallery Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Nextstage Capital | First President and Chief Executive Officer | Current |
| Investors Capital Management, Inc. | Vice Chairman, Director | Current |
| Iq Ventures, Inc | Director and Vice-Chairman | Current |
| Arete Corp./The Micro-Generation Technology Fund | Current | |
| Nextstage Capital | Board of Directors | Current |
| Movie Gallery Inc. | Director | Current |
| Laird & Company, Inc. | Vice Chairman | Current |
| Careside, Inc. | Director | Current |
| Citicorp Venture Capital, Ltd. | President | Former |
| Irving Trust Company | Executive Vice President | Former |
| Citibank | Vice President | Former |
| Citibank, N.A. | Vice President | Former |
| Spencer Trask & Co. | Co-Founder | Former |
| Citicorp Venture Capital, Ltd. | Founder | Former |
| Citibank, N.A. | Senior Credit Officer | Former |
| Terranova Capital Partners, Inc. | Chairman of Advisory Board | Former |
| Spencer Trask & Co. | Vice Chairman | Former |
| Princeton University | Bse In Chemical Engineering | Former |
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