TITLE

Movie Gallery splitting Street, too

AUTHOR(S)
Bond, Paul
PUB. DATE
March 2006
SOURCE
Hollywood Reporter -- International Edition;3/21/2006, Vol. 393 Issue 32, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that investors enthusiastic about Movie Gallery Inc's. plan to sublease space in some of its video rental stores pushed shares of the beleaguered company 37% higher the day the initiative was announced. Analysts, though, appear a bit more cautious. After all, chief competitor Blockbuster Inc. has tried something similar in the past, renting space in some of its stores to RadioShack Corp. with little success. If that initiative, announced in February 2001, had been successful, RadioShack would have taken about 2 million square feet in about 4,300 Blockbuster stores.
ACCESSION #
20528814

 

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