User login

Movie Gallery to File for Bankruptcy

(January 2010) posted on Thu Jan 28, 2010

May close two-thirds of Hollywood Video locations

 

Hollywood Video chain owner Movie Gallery Inc (Portland, Ore.) plans to file for Chapter 11 bankruptcy as soon as next week, marking the second time in two years the movie rental company has sought protection from creditors, according to The Wall Street Journal.

While the company follows Blockbuster Inc. as the second-largest film rental company in terms of stores and revenue, it has faced increased competition from mail services like Netflix Inc. and kiosks such as Coinstar Inc.'s Redbox. With the anticipated filing, the company could try to close about 1800 stores, reports The Journal.

Movie Gallery previously filed for bankruptcy in October 2007 and emerged from that in May 2008, with Sopris Capital Advisors LLC  and Aspen Advisors LLC serving as principal owners. 
 

 

 

Terms:

Comments

yarkan123 says: What is the best way to earn fast cash with Google? Well, firstly you should recognize what Google offers to its customers. It offers relevance. That means delivering results that are totally relevant ...
Read Full Comment

What is the best way to earn fast cash with Google? Well, firstly you should recognize what Google offers to its customers. It offers relevance. That means delivering results that are totally relevant to queries entered into it's search engine. So, how can you earn fast cash with Google based on relevance?There are plenty of ways to make money through this method. Firstly, you need to create a website and optimize it for the Google search engine. This is easier than it sounds. There are plenty of free programs out there that can make a website for you. It is then simply a matter of adding good quality content to your site.

posted on: Thu, 05/20/2010 - 3:17am
gurujohan says: Corporate finance is an area of finance dealing with financial decisions business enterprises make and the tools and analysis used to make these decisions.... http://www.fdis-wolverine.com posted on: Thu, 06/03/2010 - 7:09am
annie121 says: W ...
Read Full Comment

While an electric car's power source is not explicitly an on-board battery, electric cars with motors powered by other energy sources are generally referred to by a different name.

Toronto airport taxi

posted on: Thu, 05/20/2010 - 5:45am

Did you enjoy this article? Click here to subscribe to the magazine.