Wherehouse_Entertainment

Wherehouse Entertainment

Wherehouse Entertainment

Add article description


Wherehouse Entertainment, Inc.,[2] formerly Integrity Entertainment Corp., also known as Wherehouse Music and The Wherehouse, was an American retail music franchise.[1][3][4][5]

Quick Facts Formerly, Company type ...

History

In 1983, Wherehouse Entertainment Inc., renamed from Integrity Entertainment Corp., went public with a public offering of 750,000 shares under the symbol WEI. At this time, the company had 126 stores, primarily in California.[6][7] In 1984, the company began renting movies, or "video software" in 77 of its 126 stores, with a roll out into further stores expected.[8] Later that year, a copy of Money Hunt: The Mystery of the Missing Link was sold by a Wherehouse Entertainment at Sunset & Western in Los Angeles to Newt Deiter, who would go on to win the $100,000 cash prize.[9]

In August 1998, Wherehouse purchased Blockbuster Music from Viacom.[10] The company filed for Chapter 11 bankruptcy in 2002. In 2003, Trans World Entertainment purchased the remaining 148 Wherehouse stores for $41 million (~$65.1 million in 2023) in cash and assumed liabilities while closing 35 under-performing stores.[11] It is not clear when Trans World Entertainment closed the remaining stores or converted them to FYE brand.


References

  1. Gnerre, Sam (July 9, 2016). "The Daily Breeze's Sam Gnerre looks at the way we were in the South Bay". Daily Breeze.
  2. "Wherehouse Entertainment Inc". The Daily Breeze. September 11, 1983. Retrieved May 5, 2020.
  3. "Integrity Entertainment Corp". The Los Angeles Times. September 7, 1983. Retrieved May 5, 2020.
  4. Sahagun, Louis (March 11, 1984). "Record Retailers Get the Picture, Stock Video". The Los Angeles Times. Retrieved May 5, 2020.
  5. Rayl, Salley (October 21, 1984). "VIDEO GAME PAYS $100,000 TO 'SLEUTH'". The Los Angeles Times. Retrieved May 5, 2020.
  6. Willis, Barry (August 16, 1998). "Wherehouse Buys Blockbuster Music for $115 million". Stereophile. Retrieved May 4, 2020.



Share this article:

This article uses material from the Wikipedia article Wherehouse_Entertainment, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.