AfterDawn: News

Movie Gallery can't pay its rent

The struggling video rental chain Movie Gallery is apparently falling behind on its rent, reports VideoBusiness, with the company recently setting up a "real estate hotline" for landlords of its brick and mortar stores.

The number, 877-572-3148, was set up as a hotline for landlords, and Movie Gallery promises 48-hour response to all inquiries.



One landlord speaking to the source says the chain is already 20 days late in paying rent.

Movie Gallery filed for Chapter 11 bankruptcy in 2007 but emerged in late 2008.

The chain recently announced it would be closing over 200 Game Crazy stores this month, citing six straight months of declining sales.

Written by: Andre Yoskowitz @ 10 Oct 2009 13:48

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• slickwill

  It was bound to happen because more and more customers are switching to more convenient methods to obtain what they need in terms of movies and video games.
  
  If cloud computing ever takes off on a large scale alongside with greater access to high internet speeds, then there will no longer be the need for physical copies of digital content or any type of gaming console, video player, etc. Because in cloud computing, all the processing (that a game console does) is done offsite on a server, and the user just provides the input and receives the output.
  
  Now offcourse all the businesses out their will be totally against this (unless they can make money off of it) because there services would no longer be needed. Services such as manufacturing console, video discs, video players, etc. All the user would need theoretically is a computer with internet access. The computer wouldn't even have to be fast because all the computation is done on the servers/else where.
  
  Wiki to Cloud Computing

  10.10.2009 14:17 #1