Movie GalleryMovie Gallery to Close 400 Additional Rental StoresAuthored by Mark Hefflinger on February 5, 2008 - 8:56am.
Dothan, Ala. - Movie Gallery, the nation's second-largest video rental chain behind Blockbuster, on Tuesday announced plans to close an additional 400 underperforming and unprofitable Movie Gallery and Hollywood Video stores. Movie Gallery to Shutter Moviebeam Set-top Download ServiceAuthored by Mark Hefflinger on December 7, 2007 - 11:40am.
Los Angeles - Movie Gallery (NASD: MOVI), the movie rental chain that purchased Disney's Moviebeam set-top-based download service for $10 million less than a year ago, will shutter the service on Dec. 15, BetaNews reports. Bankrupt Movie Gallery's Shares to Delist From NasdaqAuthored by Mark Hefflinger on October 19, 2007 - 8:58am.
Dothan, Ala. - Movie Gallery, the large movie rental store chain that declared bankruptcy earlier this week, announced on Friday that its stock will be delisted from the Nasdaq on Oct. 25. Rental Store Chain Movie Gallery Files for BankruptcyAuthored by Mark Hefflinger on October 16, 2007 - 9:14am.
Dothan, Ala. - Movie Gallery, the nation's second-largest movie rental chain behind Blockbuster, announced on Tuesday that it has filed for Chapter 11 bankruptcy, and will close some of its stores as part of a reorganization plan. tags: Deals | Movies | Chapter 11 | Hollywood Video | Movie Gallery | Goldman Sachs | Sopris Capital Advisors |
Movie Gallery Receives Two Nasdaq NoticesAuthored by Mark Hefflinger on August 22, 2007 - 11:18am.
Dothan, Ala. - Movie Gallery, the financially struggling firm that is the nation's second-largest movie rental chain behind Blockbuster, announced on Wednesday that it has received two notices from the Nasdaq that its shares are in danger of being delisted from the exchange. Career Moves: May 4, 2007Authored by dmw on May 4, 2007 - 10:59am.
Career Moves is made possible by @HIRE.
Movie Gallery, Inc. today announced that Jeffery S. Stubbs, Executive Vice President and Chief Operating Officer of the Movie Gallery division, has been appointed President of Retail Operations for the Company, effective immediately. In this new position, Mr. Stubbs will be responsible for all aspects of retail operations for the Company's three brands: Movie Gallery, Hollywood Video and Game Crazy. Movie Gallery to Launch Online DVD Rental ServiceAuthored by Mark Hefflinger on March 20, 2007 - 10:50am.
Dothan, Ala. - Movie Gallery, the nation's second-largest rental chain behind Blockbuster, announced on Tuesday plans to launch an online video rental service in mid-to-late 2007, entering a market dominated by Netflix and Blockbuster. Movie Gallery Acquires Datacasting Service MovieBeam for $10 MillionAuthored by Mark Hefflinger on March 7, 2007 - 11:21am.
Dothan, Ala. - Movie Gallery, the nation's second-largest movie rental chain behind Blockbuster, announced on Wednesday that it has acquired most of the assets of MovieBeam, the on-demand movie distribution service created by Disney, for less than $10 million. Career Moves: March 1, 2007Authored by dmw on March 1, 2007 - 3:09pm.
Career Moves is made possible by @HIRE. tags: Career | Moves | MTV | Gamefederation | Movie Gallery | Wattpad | Take-Two Interactive Software |
Movie Gallery to Acquire Canadian Movie Rental Store Chain VHQAuthored by Mark Hefflinger on March 4, 2005 - 7:14am.
Dothan, Ala. -- Movie Gallery, the nation's third-largest movie rental store chain, announced on Friday that it has acquired Canadian rental chain VHQ Entertainment for $16.5 million in cash and stock. VHQ operates 61 stores and reported revenue of $26 million last year. "VHQ will enhance our already strong presence in Canada, where we have more than 200 stores, and complement our existing portfolio of nearly 2,500 stores across North America," said Movie Gallery president and CEO Joe Malugen. "In addition, VHQ's online subscription offering in Canada has been very well received, and we will consider ways to leverage that infrastructure for continued growth in Canada." Alabama-based Movie Gallery has received regulatory approval for its proposed acquisition of Hollywood Entertainment, the second-largest movie rental chain in the U.S. While Blockbuster has also submitted a rival bid for Hollywood, Hollywood's board rejected Blockbuster's offer and instead favors Movie Gallery's proposal.
Movie Gallery Gets Antitrust Approval for Hollywood Entertainment MergerAuthored by Mark Hefflinger on February 14, 2005 - 10:45am.
Dothan, Ala. -- Movie Gallery, the nation's third-largest movie rental store chain, announced on Monday that antitrust regulators have approved its proposed acquisition of Hollywood Entertainment, the nation's second-largest rental chain. Alabama-based Movie Gallery bid $13.25 per share for Hollywood, or about $900 million. Blockbuster has also bid over $1 billion for the company, but its proposal is still under antitrust review at the Federal Trade Commission.
Hollywood Video Accepts $850 Million Buyout Offer From Movie GalleryAuthored by Mark Hefflinger on January 10, 2005 - 11:06am.
Dothan, Ala. -- Movie Gallery, the nation's third-largest video rental chain, announced on Monday that it has agreed to acquire rival Hollywood Entertainment, the second-largest rental chain behind Blockbuster, in a deal valued at $1.2 billion. The deal would see Alabama-based Movie Gallery pay $13.25 a share for Hollywood, or $850 million, and assume about $350 million in Hollywood's debt. However, news of the deal sent Hollywood shares up as high as $20 on Monday, sparking analysts to speculate that the bidding war may not be over and Blockbuster may sweeten its initial bid of $11.50 per share for Hollywood. While Movie Gallery operates 2,475 stores in mainly rural locations, Hollywood Video has 2,000 video rental stores and over 700 Game Crazy video game stores. Blockbuster operates more than 9,000 video rental stores worldwide.
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