News Section Logo NEWS - Return to news section

 

They Just Can't Compete

Posted by: , 05:07 AEST, Wed October 17, 2007

Permanent Link     Add Comments
submit to reddit
Movie Gallery Inc. has filed bankruptcy
It was just inevitable in my opinion. I know all to well as I used to by employed here at my local movie gallery store.

Trying to compete with Blockbuster is just a no no. Specially if you aren't doing online video rentals, like Blockbuster and Netflix.

Company Quote:
"I would like to thank our customers and vendors for their continued support during this process," Malugen said. "We also appreciate the ongoing loyalty and support of our employees, whose dedication and hard work are critical to our success and to the future of the company. Our management team is committed to making this financial restructuring successful and leading Movie Gallery toward a bright future."


Ok that made me laugh!


Comments:

Related News:

News Icon The Price War is ON

posted by: Jonathan M, 01:59 AEST, Tue July 24, 2007

News Icon Blockbuster Bets on Blu-Ray Winning

posted by: Jonathan M, 04:19 AEST, Tue June 19, 2007

News Icon Video and TV Online on the Rise

posted by: Jonathan M, 04:59 AEST, Thu May 3, 2007

News Icon Sony has Plans for the PSP

posted by: Jonathan M, 14:27 AEDT, Tue December 19, 2006

News Icon TMPGEnc XPress Updates to Version 4.3.0.220

posted by: Jonathan M, 05:01 AEST, Fri June 29, 2007