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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.
Feb 7, 2010 · NEW YORK - Movie Gallery Inc., owner of the Hollywood Video movie rental chain, has filed for Chapter 11 protection and plans to close 805 stores — about a third of its total. Its the second trip through bankruptcy court in just three years for Movie Gallery.
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.
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.
Movie Gallery paid $860 million, $13.25 per share, and the assumption of $380 million in debt. Stocks closed at $13.85 on January 10 after the news. Blockbuster then dropped its purchase plans, citing anti-trust concerns. Movie Gallery completed its purchase of Hollywood Video on April 27, 2005. [citation needed]
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...
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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.
