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 Store closing in Cheyenne, Wyoming as part of the original re-organization from the 2010 bankruptcy | |
| Company type | Public |
|---|---|
| Nasdaq: MOVI | |
| Industry | Retail |
| Founded | 1985 |
| Founders | Joe Malugen Harrison Parrish |
| Defunct | July 31, 2010 (United States) August 8, 2010 (Canada) |
| Fate | Chapter 7 bankruptcy Liquidation sale |
| Headquarters | , United States |
Areas served | US, Canada |
Key people | Wes Sand (COO) |
| Products | VHS, DVD, Blu-ray and video game rentals and sales |
| Subsidiaries | Hollywood Video MovieBeam Reel.com VHQ |
| Website | MovieGallery.com |
Movie Gallery, Inc. (former NASDAQ ticker symbol MOVI[1]) was the second largest movie and game rental company in the United States and Canada, behind Blockbuster Video. The company rented and sold Blu-ray Discs, DVDs, VHS tapes, and video games. Founded in Dothan, Alabama, the company was headquartered in Dothan, and later in Wilsonville, Oregon.
On April 30, 2010, Movie Gallery announced it was closing and liquidating all of its stores per a filing of Chapter 7 bankruptcy.[2][3] At its peak the firm had about 4,700 stores in North America, operating mainly under the Movie Gallery, Hollywood Video, and GameCrazy brands. The last of the company's stores were closed in August 2010.
In 2011, three Movie Gallery locations in Northwest Arkansas reopened by an independent business owner who acquired the trademark rights in Arkansas. In 2013, an independent businessman in Jackson, Mississippi, acquired the trademark rights in Mississippi to Movie Gallery and Hollywood Video and announced intentions to reopen select previously profitable stores.
Most regular Movie Gallery stores were located in rural areas,[4][5] while Hollywood Video locations, which competed directly with Blockbuster, were located in urban areas.[5]
- ^ Miller, Brian K. "Listed industrial space in area is now plentiful." Portland Business Journal. Friday October 16, 1998. Retrieved September 26, 2010.
- ^ Spector, Mike; Lattman, Peter (May 3, 2010). "Hollywood Video Chain Owner Movie Gallery to Close Remaining U.S. Stores". The Wall Street Journal. Retrieved May 4, 2010.
- ^ "Blockbuster Boost: Movie Gallery Goes Dark". TheStreet.com. May 4, 2010. Archived from the original on June 19, 2010. Retrieved May 4, 2010.
- ^ McMillan, Dan (May 13, 2005). "Hollywood ends run as locally based company". Portland Business Journal. Retrieved September 26, 2010.
- ^ a b Halkias, Maria (May 4, 2010). "Movie Gallery closing stores, which is bittersweet news for Blockbuster". The Dallas Morning News. Retrieved September 25, 2010.