8/28/2023 0 Comments Family video highland inPaige Franson, who’s worked at a Family Video in the Chicago suburbs for five years, is one of them. (Photo from Family Video Facebook page) Family Video is closing its doors across the United States after. Leave a sympathy message to the family on the memorial page of Kurt Allen Keltner to pay them a last tribute. The 43-year-old company will sell off all its inventory online and in stores while they remain open. “With the release of Disney+, I don’t see that market really coming back,” Rodriguez said.Ībout 1,200 employees will lose their jobs, according to Highland Ventures. Family Video is closing its doors, the company announced Tuesday, Jan. Highland, Indiana Send Flowers Share your support Light a candle Illuminate their memory Kurt Allen Keltner Obituary We are sad to announce that on June 14, 2023, at the age of 63, Kurt Allen Keltner of Highland, Indiana passed away. One of the last remaining video rental shops nationwide, Family Video, will close their Quad-Cities locations and ALL of their over 250 remaining locations nationwide starting Wednesday. But that’s no longer enough now that there’s a new competitor in the kids’ market. He said Family Video stayed open so long because it focused on the family-friendly video market, with $1 PG-13 rentals and free kids’ movie rentals. “The convenience of streaming services and the low cost of their subscription have quickly siphoned demand from the DVD, game and video rental industry,” Rodriguez said. Slow movie production during the pandemic in addition to competition from streaming services have made it harder to sustain a video business model, said Arnez Rodriguez, an industry analyst at IBISWorld. The parent company of the large brick-and-mortar movie rental chain, Highland Ventures, noted the COVID-19 pandemic in its decision to close the company’s remaining 250 locations, mostly in the Midwest, after four decades of renting out DVDs, VHS tapes, Blu-rays and games. One more sign that streaming services are dominating our viewing habits: Illinois-based Family Video is shutting its doors.
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