Movie Gallery

Bankruptcy for Blockbuster Could Come This Week

Blockbuster's long anticipated bankruptcy filing is apparently headed down the final stretch and could come by the end of the week. One of the cost-cutting moves the video chain is teeing up calls for 500 to 800 additional store closures beyond the nearly 1,000 it previously planned.

Movie Gallery Goes Bankrupt - Again

On Tuesday, Movie Gallery, America's second-largest video and game rental company, filed for bankruptcy for the second time in 3 years. The Oregon-based chain cited increased competition and a reduced number of blockbuster video game releases as reasons for its current problems.