Andre Blay, founder of Magnetic Video and 20th Century Fox Video’s first CEO, reportedly died Aug. 24 in Bonita Springs, Fla. He was 81.
Blay help promote the home video market through Magnetic Video, which he founded in 1969. The company was one of the first to release Hollywood movies (Fox) on VHS. His Video Club of America was a precursor to the video store and Blockbuster.
Fox bought Magnetic Video in 1979 to create 20thCentury Fox Video with Blay as CEO. He left Fox in 1981 to start the Andre Blay Corporation, which he later sold to Embassy Pictures, to start Embassy Home Entertainment.
Blay, who was born in Mount Clemens, Mich., was inducted to the Video Hall of Fame and the Consumer Electronics Hall of Fame in 1982.
He is survived by his wife of 60 years, Nancy, and two children and five grandchildren.