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Movie Gallery to offer online DVD rentals

19 March 2007 17:56 by James "Dela" Delahunty | 1 comment

Movie Gallery, which operates both Movie Gallery and Hollywood Video, has announced that the company will offer its customer online DVD rentals in an effort to take some customers back from Netflix and Blockbuster. The company's own research showed that its customers were loyal when looking for newer DVD releases, but turned to online alternatives for older movies.

The chain also said it plans to avoid the high-cost advertising battle now underway between Netflix and Blockbuster, and instead aims to simply offer its existing customers access to low-cost online rentals through the service. Ever since its acquisition of Hollywood Video back in 2005, the chain has been struggling, plunging deep into debt.

At the end of 2006, it was $1.1 billion in debt. It is currently re-negotiating the terms of its debt agreements and hopes to return to profitability this quarter.

Source:
Betanews

Permalink to this article

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

Former Hollywood Entertainment CEO wants his company back (13 December 2007)

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

Blockbuster subscribers reporting problems (8 March 2007)

Netflix will stream movies to subscribers (16 January 2007)

Blockbuster reaches 2 million online subscribers (4 January 2007)

Blockbuster suing rival Netflix in anti-trust claims (23 August 2006)

Netflix to offer movie downloads through set top box (20 June 2006)

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ZippyDSM (AfterDawn Addict) 20 March 2007 2:42
more info on it http://www.google.com/url?sa=t&ct=res&cd...ZGkPmy4OSr7u5UA If they put detail into their Site,have a diverse stock and able to carry both edited and unedited anime or video games I will drop netflix ASAP. [ + quote]