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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.
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.
May 3, 2010 · Blockbuster’s main brick-and-mortar competitor, Movie Gallery, is shutting down all its U.S. stores, Reuters reports, citing the paywall-riffic Wall Street Journal. That means GameCrazy and...
May 3, 2010 · Movie Gallery's closure was blamed on both its $600 million in debt, much of which was incurred by the Hollywood Video purchase, and increased competition from automated Redbox video-rental...
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]
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.
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May 3, 2010 · [ Update - 2:55pm CST] Movie Gallery's decision to close all of its U.S. Movie Gallery, Hollywood Video and Game Crazy locations is a result of the company ceasing U.S. operations...
