WROI News

Family Video closing its doors

It's the end of an era.

 

Over the last half-decade, Family Video has held on as the last big brick and mortar movie and video game rental store throughout the United States, outlasting stores like Blockbuster and Hollywood Video.

 

On Tuesday, the dreadful news was sent to all remaining 200 stores that they would have to sell off their inventory and close for good by late February.

 

Family Video business went down 50-to-75-percent since reopening from pandemic shutdowns over the summer. Company leaders have come to the conclusion that there was just no financial way forward.

 

Another reason for Family Video's planned closure was the fact that Hollywood was, and in some cases still is, on lockdown. With the movie industry at a crawl or standstill, there are not many new movies for the company to push out there in order to draw in customers.

 

Now, when you walk into one of the 20 remaining Family Video stores in Indiana, nothing will be available for rent, but everything will be up for sale. The plan is to close all stores by Feb. 28, but some stores may close sooner if they can sell off all their movies and games before then.

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