West Coast Video closes book on Chapter 11 revamp

The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection.

Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania.

The Philly-based franchise chain had around 400 stores when it filed Chapter 11 last February.

Moving forward, the chain plans to focus on franchise sales in the Chicago area and develop alliances with a broader range of suppliers in order to diversify into new technologies in home entertainment.

Operations will be restructured, including the creation of regional councils of franchisees, and the creation of a distribution company called West Coast Services, run by a board of directors of franchisees.

The filing last February was in response to obligations, suits and claims against Red Lion Entertainment Inc., one of West Coast’s largest franchisees. Red Lion had $ 6.6 million in bank debt that was guaranteed by West Coast.

More Digital

  • tmobile-logo

    T-Mobile Jumps Into Internet TV Arena With Layer3 TV Acquisition

    The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection. Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania. The Philly-based franchise chain had around 400 stores […]

  • Mediapro, IMG, Film45 Producing Amazon Manchester

    Mediapro, IMG, Film45 Producing Amazon Prime Video Manchester City Series

    The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection. Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania. The Philly-based franchise chain had around 400 stores […]

  • Dreamscape_Logo

    DreamScape Immersive Partners With Nickelodeon for Location-Based VR Experience

    The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection. Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania. The Philly-based franchise chain had around 400 stores […]

  • NBA G League Twitch mockup

    NBA Inks Twitch Pact to Live-Stream Minor League Games With Fan-Interaction Features

    The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection. Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania. The Philly-based franchise chain had around 400 stores […]

  • Kevin Hart Hurricane Harvey

    Kevin Hart's Laugh Out Loud Launching SiriusXM 24-Hour Comedy Channel

    The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection. Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania. The Philly-based franchise chain had around 400 stores […]

  • WWE_Mixed_Match_Challenge - Facebook

    Facebook Nabs WWE Live Show Featuring Face-Offs Between Raw, SmackDown Talent Rosters

    The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection. Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania. The Philly-based franchise chain had around 400 stores […]

  • Vice - Amanda Knox and Amber

    Facebook Orders Three Vice Shows, Including Amanda Knox-Hosted Series About Women 'Demonized' by Media

    The second-largest vidstore chain in the nation, West Coast Video Enterprises , has emerged from Chapter 11 bankruptcy protection. Prexy Elliot Stone announced last Wednesday that the company’s creditors have accepted West Coast’s reorganization plans, filed with the U.S. Bankruptcy Court for the eastern district of Pennsylvania. The Philly-based franchise chain had around 400 stores […]

More From Our Brands

Access exclusive content