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Movie Gallery to close all U.S. stores: report

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NEW YORK | Sun May 2, 2010 4:30pm EDT

NEW YORK (Reuters) - Movie Gallery Inc., which filed for bankruptcy in February with plans to close hundreds of stores, will now shut down the balance of its 2,415 stores, according to the Wall Street Journal.

Citing people familiar with the matter, the Journal said that the company, which operates the Hollywood Video chain, will liquidate all of its stores over the next couple of months.

The company employed about 19,100 people when it filed for bankruptcy. According to the online edition of the newspaper, Movie Gallery notified employees on Friday of the added closures.

It is the second largest movie rental chain behind Blockbuster. This is the second bankruptcy filing for the company.

Movie Gallery was not available for comment.
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