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Hollywood Entertainment Corp., [1] more commonly known as Hollywood Video, was an American video rental store chain. Founded in 1988, the chain was the largest direct competitor to Blockbuster Video until it was acquired by Movie Gallery in 2005. [ 2 ]
Hollywood Video was the target of a hostile takeover attempt, initially announced at the end of December 2004 by competitor Blockbuster Video. In February 2005, Blockbuster announced an exchange offer of $14.50 (~$22.00 in 2023) per share ($11.50 cash and $3.00 in Blockbuster shares).
But it was forced into bankruptcy a second time in February 2010. During a company-wide conference call on April 30, 2010, it was announced that all U.S. Hollywood Video, Movie Gallery, and GameCrazy stores would file for Chapter 7 bankruptcy in May 2010 and wind down business. [7]
The settlement could resolve years-long litigation filed against Lampert and other defendants in 2019 over allegations of “asset stripping” and “rank” self-dealing.
After more than a year of negotiations, the Easterday bankruptcy settlement is nearing a conclusion for dozens of businesses owed money.. At a recent hearing, lawyers and Judge Whitman Holt of the ...
Marvel Studios’ interconnected universe of films, now spanning 10 years and 19 individual projects, has earned $6 billion in domestic box office and nearly $15 billion worldwide, according to ...
[85] [86] Movie Gallery/Hollywood Video had filed for Chapter 7 bankruptcy liquidation earlier in 2010 for similar reasons. [ 87 ] At the time of its Chapter 11 filing, Blockbuster said it would keep its 3,300 stores open; [ 88 ] however, that December it announced it would close an additional 182 stores by the end of April 2011 in attempts to ...
Hastings Entertainment was an American retail chain that sold books, movies, music, and video games and functioned as a video rental shop.As of 2016 it had 126 superstores, which were mainly located in the South Central United States, Rocky Mountain States, and in parts of the Great Plains and Midwestern states.
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