'Everybody thought the reason they went away was because of digital,' he says. Hoogland insists that Family Video had no trouble competing with bigger players, and he sees few parallels between those companies and his own. Today, just a few dozen of its stores remain. At its peak Blockbuster operated more than 9,000 outlets, bringing in $6 billion in annual revenue. After all, it's been more than five years since the big video chains, Blockbuster and Movie Gallery, filed for bankruptcy, unable to compete in the digital age. 1 beach in the world.'īrimming with energy, Hoogland tries to explain how all of this is possible. Sitting at his office desk, he proudly displays photos of a vast, ten-bedroom compound he recently commissioned in Turks and Caicos, alongside what he calls the 'No. Revenue has flattened and even fallen slightly in recent years, but the decades of growth have afforded Hoogland a remarkable lifestyle: two corporate planes, multiple luxury properties and an estimated net worth north of $400 million. Started by his father in 1978, the chain has grown dramatically under Hoogland's watch, and he holds roughly a 70% stake, with the rest split among family members. Last year the company pulled in an estimated $400 million in revenue, more than 10% of which fell to the bottom line. Operating from an unassuming two-story office building in Glenview, Illinois, 20 minutes northwest of Chicago, Family Video rents DVDs to loyal customers enamored with its traditional, small-town feel. 'I'm 57 years old,' says Hoogland, 'and this is the most exciting time I've ever had in my life.' In fact, the business is 'doing gangbusters,' says its owner, Keith Hoogland, who has grown Family Video into a sprawling chain of 759 locations spread across 19 states and Canada, with a concentration in the Midwest and rural America and with more grand openings on the way. Yes, the year is 2017 -and the Granite City store is defying odds, humming along in an industry most people assume has ceased to exist.

Nonton film semi family