Suncoast Motion Picture Company
Encyclopedia
Suncoast Motion Picture Company is an American
chain of retail stores specializing in recorded video
s, particularly movies but also carried television series. The stores have sold them in the VHS, Laser Disk, DVD
, HD, and Blu-ray formats. The stores also carry various other items, including movie-related posters, toys, collectibles, Japan
ese manga
, and snacks such as Pocky
and Ramune
. Suncoast is a division of Trans World Entertainment
.
, in 1986 as Paramount Pictures. In 2007, the Rosedale
location closed.
In 1988, the Paramount Pictures stores changed its name to Suncoast Motion Picture Company.
In 1999, Musicland
launched websites for Suncoast, Sam Goody, and Media Play.
In 2001, Best Buy
purchased Musicland, and in 2003, Sun Capital Partners assumed Musicland's liabilities from Best Buy.
In January 2006, The Musicland Group filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York due to very poor sales for the 2005 fiscal year.
Trans World agreed to purchase all of Musicland Inc. stores.
In February 2006, it was agreed that Trans World would only buy Musicland Inc. stores if all failing stores would be closed before the purchase. So any store with low sales and high shrink were closed before the sale, along with most stores that were in the same mall as existing f.y.e. stores.
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. Trans World will retain the Suncoast Motion Picture Co. name on about 170 stores. Most stores in malls with an f.y.e. were closed reguardless of shrink or sales.
On December 26, 2009, Trans World Entertainment Corp. decided to close around 150 stores nationwide many of them were Suncoast Locations. (The closings also included underperforming f.y.e.'s and some remaining Sam Goody locations).
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
chain of retail stores specializing in recorded video
Video
Video is the technology of electronically capturing, recording, processing, storing, transmitting, and reconstructing a sequence of still images representing scenes in motion.- History :...
s, particularly movies but also carried television series. The stores have sold them in the VHS, Laser Disk, DVD
DVD
A DVD is an optical disc storage media format, invented and developed by Philips, Sony, Toshiba, and Panasonic in 1995. DVDs offer higher storage capacity than Compact Discs while having the same dimensions....
, HD, and Blu-ray formats. The stores also carry various other items, including movie-related posters, toys, collectibles, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
ese manga
Manga
Manga is the Japanese word for "comics" and consists of comics and print cartoons . In the West, the term "manga" has been appropriated to refer specifically to comics created in Japan, or by Japanese authors, in the Japanese language and conforming to the style developed in Japan in the late 19th...
, and snacks such as Pocky
Pocky
is a Japanese snack food produced by the Ezaki Glico Company of Japan.-History:Pocky was first sold in 1966, and consists of a biscuit stick coated with chocolate. It was named after the Japanese onomatopoetic word for the sound Pocky makes when bitten, pokkin . The original was followed by...
and Ramune
Ramune
is a carbonated soft drink originally sold in Japan which was introduced in Kobe by Alexander Cameron Sim.-Bottle design:Ramune is widely known for the distinctive design of its bottle, often called Codd-neck bottles after the inventor, Hiram Codd. They are made of glass and sealed with a marble;...
. Suncoast is a division of Trans World Entertainment
Trans World Entertainment
Trans World Entertainment Corporation is a chain of entertainment media retail stores in the United States. It currently operates just over 440 freestanding and shopping mall-based stores under several brand names....
.
History
The first Suncoast store opened in Roseville, MinnesotaRoseville, Minnesota
As of the census of 2000, there were 33,690 people, 14,598 households, and 8,598 families residing in the city. The population density was 2,543.9 people per square mile . There were 14,917 housing units at an average density of 1,126.4 per square mile...
, in 1986 as Paramount Pictures. In 2007, the Rosedale
Rosedale Center
Rosedale Center, commonly known just as Rosedale, is a shopping center in Roseville, Minnesota. The mall is considered a regional powerhouse as a shopping destination; surrounded by suburbs and close to major highways, it serves a trade area population almost 2 million people, and boasts 12...
location closed.
In 1988, the Paramount Pictures stores changed its name to Suncoast Motion Picture Company.
In 1999, Musicland
Musicland
The Musicland Group, Inc. was an entertainment company which ran Sam Goody, Suncoast Motion Picture Company and the Media Play Superstore Chain. Musicland filed for Chapter 11 Bankruptcy in January 2006. Trans World Entertainment which runs FYE, and sells CDs, DVDs, and video games, purchased...
launched websites for Suncoast, Sam Goody, and Media Play.
In 2001, Best Buy
Best Buy
Best Buy Co., Inc. is an American specialty retailer of consumer electronics in the United States, accounting for 19% of the market. It also operates in Mexico, Canada & China. The company's subsidiaries include Geek Squad, CinemaNow, Magnolia Audio Video, Pacific Sales, and, in Canada operates...
purchased Musicland, and in 2003, Sun Capital Partners assumed Musicland's liabilities from Best Buy.
In January 2006, The Musicland Group filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York due to very poor sales for the 2005 fiscal year.
Trans World agreed to purchase all of Musicland Inc. stores.
In February 2006, it was agreed that Trans World would only buy Musicland Inc. stores if all failing stores would be closed before the purchase. So any store with low sales and high shrink were closed before the sale, along with most stores that were in the same mall as existing f.y.e. stores.
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. Trans World will retain the Suncoast Motion Picture Co. name on about 170 stores. Most stores in malls with an f.y.e. were closed reguardless of shrink or sales.
On December 26, 2009, Trans World Entertainment Corp. decided to close around 150 stores nationwide many of them were Suncoast Locations. (The closings also included underperforming f.y.e.'s and some remaining Sam Goody locations).