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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 · While some of the rental chains, including Hollywood and Blockbuster, tried to compete by introducing their own subscription and online services, Movie Gallery stuck to its tried-and-true guns and in 2005 acquired Hollywood Video in a $1.2 billion deal that included $350 million worth of Hollywood’s debt.
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.
May 10, 2010 · Movie Gallery Inc., the owner of struggling movie rental chain Hollywood Video, is planning to close its remaining stores and liquidate as consumers are increasingly getting movies...
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.
May 4, 2010 · The Wall Street Journal is reporting the immediate death of Movie Gallery and its subsidiaries Hollywood Video and Game Crazy. The once #2 rental company will close the balance of its 2,415 stores in the coming few months.
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Feb 3, 2010 · The acquisition made Movie Gallery the No. 2 rental chain in the country behind Blockbuster Inc. but it has been forced to close more than 2,400 of its stores in the past three years, leaving...
