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The last US Movie Gallery and Hollywood Video locations closed on July 31, 2010, and the liquidation sale was completed. The remaining Canadian division outlets also closed during the week of August 8.
In response, Hollywood Video agreed to a buyout on January 10, 2005, by Movie Gallery, a smaller competitor. Movie Gallery paid $860 million, $13.25 per share, and the assumption of $380 million in debt.
Jul 8, 2022 · The stores were often, but not always, located adjacent to Hollywood Video rental stores. GameCrazy and its parent company, Movie Gallery, filed for bankruptcy in May 2010. GameCrazy was a video...
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Apr 16, 2010 · It’s hoping to emerge from bankruptcy a leaner outfit —it initially planned to close some 760 money-losing Hollywood Video, Movie Gallery and Game Crazy stores, leaving roughly 1,900 U.S. locations — but one that will still meet most of its customers’ demand primarily through retail locations.
Apr 16, 2021 · Movie Gallery focused on locations in mostly rural areas, and Hollywood Video opened in urban areas to compete with Blockbuster. Although it was at one point the second largest rental store, Hollywood Video ceased operations in 2010 when Movie Gallery filed for bankruptcy.
May 10, 2010 · By Michael Felberbaum. Movie Gallery Inc., the owner of struggling movie rental chain Hollywood Video, is planning to close its remaining stores and liquidate as consumers are...
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May 10, 2010 · The acquisition made Movie Gallery the second-largest rental chain in the country but it has been forced to close more than 2,400 of its stores in the past three years, according to court...