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Movie Gallery to shut more stores

2 November 2009 18:12 by Andre "DVDBack23" Yoskowitz | 3 comments

Following reports that the large chain cannot pay its rent, Movie Gallery is set to close up to 200 more Hollywood Video stores, about 7 percent of all the company's locations.

The chain is the #2 US movie-rental chain behind Blockbuster but both companies continue to lose users and revenue to Netflix and Redbox and Movie Gallery has been hit very hard in recent years, even filing for Chapter 11 bankruptcy in 2007.

The company has closed over 250 stores since the end of summer, with the extra 200 expected by the end of the year. The company has also closed 200 Game Crazy stores this year as well.

Permalink to this article

Studios want release delay on new releases via Netflix (8 November 2009)

Movie Gallery can't pay its rent (10 October 2009)

Movie Gallery set to close over 200 'Game Crazy' stores (3 October 2009)

Netflix is still in charge and Movie Gallery is still in trouble (23 January 2008)

Movie Gallery moves forward with reorganization plan (29 December 2007)

Movie Gallery files for Chapter 11 bankruptcy (18 October 2007)

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Discuss this article!
pcrazy99 (Member) 3 November 2009 10:00
It's been said before. Time for them to rethink their business model and adapt or die. [ + quote]
glassd (Member) 3 November 2009 12:04
They are all we have within 20 miles. [ + quote]
jony218 (Senior Member) 3 November 2009 14:42
RIP Hollywood Video, you outlived your usefulness to "the man". Now you will be relegated to the dustbin of history. In the end there can only be one. Blockbuster took many tremendous blows but it survived where others have failed. Hollywood Video you will be missed, but we will be strong and we will move on. [ + quote]