- Andre Blay
Andre Blay is a businessman, film producer, and studio executive.
Role in growth of home video industry
Blay co-founded Stereodyne, the nation’s first eight-track and cassette duplication company, in 1966.cite web|url=http://www.cba.cmich.edu/exchange/fall2006/blay.htm|publisher=Central Michigan University|title=CBA alumni awards honor success, commitment -- Honorary Alumni Award]
Blay then founded an audio/video production and duplication company in 1968 called
Magnetic Video . He also started the Video Club of America, a direct-mail sales operation through which he offered the video cassettes produced and duplicated at Magnetic Video. He advertised the club through TV Guide, and nine thousand users initially joined the club.cite web|url=http://www.ce.org/Events/Awards/455.htm|publisher=Consumer Electronics Association|title=Andre Blay -- CEA Awards]That subsequently provided the model for and enabled the creation of the first video rental stores, many of which were soon started thereafter.
He was later recognized by the Consumer Electronics Association as creating the idea that "sparked a retail revolution as hundreds of mom-and-pop video rental and sales stores popped up in every community in America." In 1987, home video rental income surpassed movie theater revenues for the first time. Today, movie studios routinely make more money on video rentals and sales than from the box office of theaters. [cite web|url=http://www.ce.org/Press/CEA_Pubs/941.asp|publisher=Consumer Electronics Association|date=2005|title=Digital America: History -- VCR]
CEO of Twentieth Century Home Video
In the late 1970's, Blay paid a flat fee of $300,000 plus $500,000 yearly to Twentieth Century Fox to license movies from their catalogue, which he then duplicated and distributed, earning a royalty generated per video rented. This proved so successful that Twentieth Century Fox quickly bought Magnetic Video in 1979 to form the Twentieth Century Home Video unit, for $7.2 million. Andre then served as the first CEO of Twentieth Century Home Video.
CEO of Embassy Home Entertainment
In 1982, Blay became CEO of the newly formed Embassy Home Entertainment, a division of
Embassy Pictures . While there he helped bring to production several movies, including Hope and Glory,Sid and Nancy , Souvenir, and Destiny. He served as CEO until 1986, when the company was sold.cite web|url=http://www.theofficialjohncarpenter.com/pages/bios/ablay.html|publisher=The Official John Carpenter Website|date=2005|title=Andre Blay]Executive Movie Producer
During the next several years Blay served as executive producer for several movies: [cite web|url=http://www.imdb.com/name/nm0087938/|publisher=Internet Movie Database|title=IMDB: Andre Blay]
*Mosquito (1995)
*Village of the Damned (1995)
*Souvenir (1989)
*They Live (1988)
*The Blob (1988)
*Jack's Back (1988 producer, uncredited)
*Brain Damage (1988)
*Prince of Darkness (1987)
*HomeboyHe also worked in securing venture capital for films such as The Princess Bride,
The Emerald Forest and The Name of the Rose.CEO of Enterprise Software
Blay subsequently served, until 1999, as chairman and CEO of Enterprise Software, a developer of broadcast management software for television stations and distributors, cable networks, and radio stations worldwide.
Awards
*In 2000, he was inducted into the Consumer Electronics Hall of Fame. [cite web|url=http://www.ce.org/PDF/CE_Hall_of_Fame.pdf|publisher=Consumer Electronics Association|date=2004|title=Consumer Electronics Hall of Fame]
*He was made an Honorary Alumnus at Central Michigan University's College of Business Administration in 2006.
References
Wikimedia Foundation. 2010.
