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- Hollywood Video chain owner Movie Gallery Inc. plans to shutter its remaining U.S. stores. The movie-rental chain, which filed for bankruptcy in February for the second time in just over two years, had already commenced plans to close more than half its 2,415 U.S. outlets.
www.wsj.com/articles/SB10001424052748704608104575220370429528864Hollywood Video Chain Owner Movie Gallery to Close Remaining ...
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.
Hollywood Entertainment Corp., [1] more commonly known as Hollywood Video, was an American video rental store chain. Founded in 1988, the chain was the largest direct competitor to Blockbuster Video until it was acquired by Movie Gallery in 2005. [2] It ceased operations in 2010, when Movie Gallery declared Chapter 7 bankruptcy. [3]
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 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...
May 11, 2010 · Movie Gallery, the second-largest North American video-rental chain behind Blockbuster, plans to shutter operations and liquidate assets in the coming weeks.
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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Bankrupt Movie Gallery, owner of Hollywood Video, will begin shutting down operations in about two weeks, followed by a nationwide liquidation sale, sources familiar with the chain said.