The story
The company was founded in 1980 as Geoff's Records by chairman Geoff Young.
The company was taken private in November 1998 after a management buyout.
The company launched an online store in 2001.
The company expanded in 2002 by acquiring competitors and became the UK's leading wholesaler and worldwide distributor of CDs, cassettes, computer games, videos and DVDs. They also handled board games and toys.
In 2004, the company sold its retail locations. The Great Yarmouth King Street store was renamed "Better Leisure" and closed in October 2012.
Collapse and Sale
On 4 June 2007, Prism Leisure was placed into administration. Their entertainment assets were acquired by FremantleMedia while the music assets were acquired by ex-employee Ivor Young, who formed a successor business Prism Leisure Ltd. to continue releasing CDs. Despite sharing the same name, the two Prism Leisure businesses had no legal connection. On 16 January 2008, the company signed a deal with Go Entertain for the distribution of Prism Leisure Ltd.'s catalogue in some countries. The company continued to release music material, including purchasing the catalogue of distributor Telstar Records until being acquired by Phoenix Music International in 2013.
From Wikipedia’s article on Prism Leisure Corporation, shared under CC BY-SA 4.0.3
