when did hollywood video go out of business
2005. May 2010
title: Hollywood Video text: Hollywood Video Hollywood Entertainment Corp. (Nasdaq: HLYW), more commonly known as Hollywood Video, was a home video and video game rental shop company started in 1988. The chain was the largest direct competitor to Blockbuster Video until it was purchased by Movie Gallery in 2005. Hollywood Video ceased operations in May 2010, when Movie Gallery, its parent company, declared Chapter 7 bankruptcy. Its last US store closed its doors on July 31, 2010, whereas the last official one in Canada closed on August 8 of that year. In October 2011, the HollywoodVideo.com site had been relaunched as a blog. While title: Hollywood Video text: the compound into sections, selling pieces of it for a total of $22 million; Trammell Crow retained control of the $8 million, headquarters building. Hollywood leased the headquarters building, and Hollywood remained headquartered in Wilsonville. Hollywood Video Hollywood Entertainment Corp. (Nasdaq: HLYW), more commonly known as Hollywood Video, was a home video and video game rental shop company started in 1988. The chain was the largest direct competitor to Blockbuster Video until it was purchased by Movie Gallery in 2005. Hollywood Video ceased operations in May 2010, when Movie Gallery, its parent company, declared Chapter 7 bankruptcy. Its last US title: Movie Gallery text: $860 million, $13.25 per share, and the assumption of $380 million in debt. Stocks closed at $13.85 on January 10 after these news. Blockbuster then dropped its purchase plans, citing anti-trust concerns. Movie Gallery completed its purchase of Hollywood Video on April 27, 2005. The company began having financial difficulties and announced the closure of 520 stores in September 2007. At the time Movie Gallery had about 4,500 locations. The next month, the company filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code. Because of these troubles, the stock price dropped below $1 per share and was removed title: GameCrazy text: Hollywood Video, Movie Gallery, and GameCrazy stores would file for Chapter 7 bankruptcy in May 2010 and wind down business. Analysts generally believe that Movie Gallery & Hollywood Video's unprofitability, caused by competition from Blockbuster Inc. and online retailers such as Netflix and Redbox, was one of the major factors in the company's decision to close the retail chain. As of December 15, 2011 the GameCrazy.com site has been relaunched as a gaming blog, but has ceased to update since late October 2014. As a video game specialty store, GameCrazy dealt primarily in new and used video game related products title: Movie Gallery text: in the marketplace. MovieBeam was shut down on December 15, 2007. As of June 2008 the remnants of MovieBeam, including its trademarks and other intellectual properties, was sold to an outside investors group for approximately $2 million as part of the company's restructuring. All in-store kiosks for the service were then removed as well. Hollywood Video, a subsidiary of Movie Gallery, Inc. operated from Wilsonville, Oregon, as a DVD and video game rental shop chain in the United States. It was started in 1988 by former CEO Mark Wattles and his wife. The chain was the largest direct competitor of