...into bankruptcy. Cnet.com is reporting that Movie Gallery filed on Tuesday; the chain also operates under the names Hollywood Video and Game Crazy.
The stores have been beaten to a pulp by online/mail order dvd services such as Netflix, as well as widely available on demand video choices from cable companies; in just 2 years, Movie Gallery's stock price has fallen from $33 to 22 cents. How long can it possibly be before the dvd itself is unseated?
Wednesday, October 17, 2007
Brick-and-Mortar Video Stores Going the Way of the Record Store...
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