Home > News > Movie Gallery Plans to Close Remaining Stores • Bookmark   • Newsletters   • Register Search Options


Movie Gallery Plans to Close Remaining Stores

Movie Gallery Plans to Close Remaining Stores
Get XBIZ News
May 3, 2010 9:30 AM PDT    Text size: 
WILSONVILLE, Ore. — Hollywood Video chain owner Movie Gallery Inc. said it plans to shutter its remaining U.S. stores.

The video-rental chain, which included adult video categories, has faced several waves of money woes in recent years. The Wilsonville, Ore., company filed for bankruptcy in February and had already commenced plans to close more than half its 2,415 U.S. outlets.

The closure of the company's remaining stores likely will take place over the next couple of months or so, according to reports. At press time it wasn't clear whether it would close its 180 Canadian stores.

The second-largest movie-rental chain by outlets behind Blockbuster, which doesn't rent adult videos, failed to get traction after it emerged from bankruptcy in 2008. Private-investment firms Sopris Capital Advisors and Aspen Advisors had invested in the company at the time, but the chain later filed for bankruptcy again in February.

Movie Gallery's financial problems stem from the $600 million in debt it took on acquiring Hollywood Entertainment Corp. in 2005.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


Understanding 'Camming Sociology' Can Enhance Interactions

After working for six years in the live cam industry as a cam model and almost double the amount of time studying — while working simultaneously — how relationships work in cyberspace, I am... More »

Proper Fisting Techniques for Gentle Stimulation

Does the phrase “anal fisting” make your sphincter clench in terror? Does it seem like an urban legend or an extreme party trick? Most people scoff at the idea of trying it because it sounds... More »

Camming Games, Contests Keep Customers Engaged

Last issue, I talked about the importance of changing up the ambience in a cam model room via new décor and small visual tweaks, to keep viewers engaged long-term. This time, I’d like to discuss... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.


XShow 18+ 2017

Jun 01 - Jun 03
Moscow, Russia

Cam Summit

Jun 02 - Jun 04
Lloret de Mar, Spain

AW Summit

Jun 06 - Jun 09
Mamaia, Romania

Gaelic WWW Conference

Jun 19 - Jun 21
Wicklow, Ireland
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!