Movieline

Hollywood Video May Close 1,000 Stores

I know, right? Yes, Hollywood Video does still have 1,000 retail locations it can close, and it may do exactly that, according to reports today. The move by owner Movie Gallery would nudge more than a third of its 2,700-store chain off the books, thus liquidating its DVD inventory and paying down some of its hefty $600 million dollars of debt. Representatives had no comment on the closures, which, for a company that so rarely has your preferred movie in stock when you want it, sounds just about right. [WSJ]