Suncoast_Motion_Picture_Company

Suncoast Motion Picture Company

Suncoast Motion Picture Company

American retail company


Suncoast Motion Picture Company (Suncoast) was an American chain of retail stores specializing in new and used physical media, primarily CDs, DVDs, Blu-rays, and vinyl records, as well as collectibles.

Quick Facts Formerly, Company type ...

Suncoast was a subsidiary of Sunrise Records, and its stores were largely stocked the same as their FYE stores.

History

The first Suncoast store opened in Roseville, Minnesota, in 1986 as Paramount Pictures, changing their name to Suncoast Motion Picture Company in 1988.

In 1999, Musicland launched websites for Suncoast, Sam Goody, Media Play, and Oncue.

In 2001, Best Buy purchased their then parent-company, Musicland, for $685 million.[1]

In January 2003, Best Buy closed 20 Suncoast stores as part of a larger closing that included 90 Sam Goody stores.[2]

Later that year in June 2003, Sun Capital Partners assumed Musicland's liabilities from Best Buy.[3]

In January 2006, The Musicland Group filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York; store closures during the bankruptcy included 80 Suncoast stores [4][5]

A dirty label scar on the floor in front of a vacant store inside the Hamilton Mall, Mays Landing, NJ

In late March 2006, Trans World Entertainment Corp. completed the purchase of nearly all of the assets of Musicland Holding Corporation for $104.2 million in cash and $18.1 million in assumed liabilities.[6] TWEC retained the Suncoast name on around 170 stores after acquisition.

However, on December 26, 2009, they announced the closure of 150 Suncoast stores nationwide.

In mid-2023, the Suncoast at the Westroad mall in Omaha, Nebraska closed, leaving only two full line Suncoast Motion Picture Company stores opened: one in Beaumont, Texas and the other in Jacksonville, North Carolina. A third, which is a combination of both an FYE and a Suncoast Motion picture company store remains in Beavercreek, Ohio in The Mall at Fairfield Commons.[7]


References

  1. Arnold, Thomas; Prange, Stephanie (December 8, 2000). "Best Buy Agrees to Buy Musicland Stores". Los Angeles Times. Retrieved February 3, 2020.
  2. "Best Buy to close 110 Sam Goody, Suncoast stores". Louisville Business First. January 9, 2003.
  3. "An Affiliate of Sun Capital Acquires Musicland from Best Buy Co., Inc". Business Wire. June 16, 2003. Retrieved February 3, 2020.
  4. "Sam Goody's parent bankrupt". CNN Money. January 13, 2006. Retrieved February 3, 2020.
  5. "Trans World Entertainment Completes Asset Acquisition of Musicland Holding Corp". Trans World Entertainment Corp. March 29, 2006. Archived from the original on August 11, 2020. Retrieved February 3, 2020.
  6. "Beavercreek, OH Suncoast | The Mall at Fairfield Commons". mallatfairfieldcommons.com. Retrieved March 1, 2023.

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