How it started
Company history
The company was incorporated in 1983. Principal activities of the company in the 1980s included the import and wholesale distribution of video cassettes, audio cassettes, micro cassettes, and computer equipment. In 1990, the company was publicly listed as Magna Pacific (Holdings) Ltd.
During the 1990s, the company expanded its activities into intellectual property licensing, acquiring videogram home entertainment distribution rights for a number of licensed properties. Rapid growth in the late 1990s and early 2000s saw Magna listed in Business Review Weekly's Fast 100 List, as the company expanded its distribution and acquired several key licensed properties that ensured strong growth in home entertainment revenue.
The company had a good relationship with Becker Entertainment, and the company had a 50% stake in the company between the late 1990s and July 2004, when the company sold off its interest.
Magna followed the industry migration to DVD media during this period, and now releases home entertainment content via DVD, Blu-ray, and digital-file-based distribution. Magna Pacific is a budget distributor known for producing bare-bones media without extras or subtitles. In 2012, the Magna branding was dropped in favor of the Beyond branding.
From Wikipedia’s article on Magna Home Entertainment, shared under CC BY-SA 4.0.2