is shutting down all of its 248 video-rental locations across the U.S., with the 42-year-old chain citing the COVID pandemic as the final blow to its business that was already decimated by the rise of streaming.
“While we have faced digital competition from Netflix and others for years, nothing has been as devastating to our business as COVID-19,” Keith Hoogland, CEO of Highland Ventures, the real estate company that owns Family Video, said in a. “The impact of COVID-19, not only in foot traffic but also in the lack of movie releases, pushed us to the end of an era.”
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