Gallery Back in the Red

Gruenwedel, Erik
March 2008
Home Media Magazine;3/23/2008, Vol. 30 Issue 12, p10
Trade Publication
The article reports on the business loss of Movie Gallery Inc. after it had filed bankruptcy in the U.S. The video rental chain has posted a net loss of $469,000 on consolidated revenue of $200 million from January 7 to February 10, 2008. The company's profit reached to $4.1 million on the $131.2 million revenue of its subsidiary Hollywood Video. It has reported a net loss of $4.5 million on revenue of $68.6 million at its stores.


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