AfterDawn: Tech news

Bye Bye

Written by Jari Ketola @ 12 Jun 2000 9:12

As the rumours over the weekend anticipated, Hollywood Entertainment decided to discontinue the e-commerce section of All outstanding orders will most likely be filled through
``Closing's e-commerce business was a difficult decision. However, with Hollywood's stock dropping 75% during the same period that the operating profits of Hollywood Video stores were up over 40%, we could no longer justify funding the e-commerce business. We want to thank all of our existing customers and are confident that will do an excellent job providing e-commerce services,'' commented Mark Wattles, Chairman and Chief Executive Officer of Hollywood Entertainment. Related stories:
Hollywood Video company press release

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