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
movie and movie gallery inc. - All News and Analysis
National Datacast Provides Wireless Distribution for Movie Gallery's MovieBeam Service
To: BUSINESS EDITORSContact: Sarah Eppler of National Datacast, Inc., +1-703-739- 5037, seppler@pbs.org ARLINGTON, Va., March 13 /PRNewswire-USNewswire/ -- National Datacast, Inc. a commercial subsidiary of PBS, today announced that it will continue as the exclusive over-the-air data broadcasting distributor of the MovieBeam on- demand movie service, which was acquired by...
EmergingMarketsllc.com: Emerging Equity Alerts.
M2 PRESSWIRE-12 May 2006-Emerging Markets Consulting, LLC.: EmergingMarketsllc.com: Emerging Equity AlertsC1994-2006 M2 COMMUNICATIONS LTD RDATE:12052006 Orlando, FL - Stocks gaining traction in yesterday's trading are Canada Southern Petroleum, Ltd., (NASDAQ: CSPLF), XsunX, Inc., (OTC BB: XSNX), Movie Gallery, Inc., (NASDAQ:...
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...
Gallery gulps Hollywood: at higher financial cost.(Movie Gallery Inc., Hollywood Entertainment Corp.)
Movie Gallery has completed its acquisition of Hollywood Entertainment, creating a near 4,500-store chain, but the deal cost the Dothan, Ala.-based rentailer more than anticipated to finance the acquisition. The higher cost of debt dimmed Wal Movie Gallery...
Direct DVD - growing pains of a burgeoning sector: VDWB, NFLX, BBI, MOVIE, HLYW.
M2 PRESSWIRE-19 July 2004-InvestSource Inc.: Direct DVD - growing pains of a burgeoning sector: VDWB, NFLX, BBI, MOVIE, HLYWC1994-2004 M2 COMMUNICATIONS LTD RDATE:07192004 Stocks in the News: Video Without Boundaries Incorporated (OTCBB: VDWB), Netflix Incorporated (NASDAQ: NFLX), Blockbuster Incorporated (NYSE:...
Gallery settles suit. (Vidbits).(Movie Gallery Inc.)(Brief Article)
* Movie Gallery agreed to settle a class-action suit over its extended-viewing fees without admitting wrongdoing. Under the settlement, class members will get coupons ranging in value from $9 to $16 to be used for movie or game rentals or purchases * Movie Gallery...
Diamond Entertainment Receives First Order From Movie Gallery Inc
CERRITOS, Calif.--BUSINESS WIRE--Dec. 17, 1997--Diamond Entertainment Corp. (BBS:DMEC) Wednesday announced that it has received its first order from Movie Gallery Inc., of Dothan, Ala. Movie Gallery (Nasdaq:MOVI) does annual sales of approximately $250 million. Sandy Sigoloff is one of Movie Gallery's outside directors. ...
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...
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...
Movie Gallery Announces Postponement Of Stock Offering
DOTHAN, Ala.--BUSINESS WIRE--Oct. 2, 1995--Movie Gallery, Inc. (Nasdaq/NM: MOVI) today announced that due to the market's reaction to Movie Gallery's press release this morning, management has decided to postpone its previously announced 2.8 million share offering of common stock.Movie Gallery is the second largest video specialty retailer in the southeastern...
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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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