Hollywood Video closing final Ann Arbor store as chain liquidates
Hollywood Video is closing its last store in the Ann Arbor area.
An employee for the Hollywood Video store on West Stadium Boulevard today confirmed reports that the store had started a liquidation sale. The store is expected to close within about a month after the corporate parent, Movie Gallery Inc., received approval Wednesday from a bankruptcy court to close its remaining stores, the Associated Press reported.
The video rental chain last month closed stores on Packard Street in Ann Arbor and Packard Road in Pittsfield Township. At one point the chain also had stores on Washtenaw Avenue in Ypsilanti and Oak Valley Drive in Pittsfield.
Bloomberg reported earlier this month:
The company filed for Chapter 11 bankruptcy in
February, buckling under the competitive pressure from Los Gatos'
movies-by-mail service Netflix Inc., DVD kiosk company Redbox and
delivery of movies and TV shows over the Internet. The company listed
debt of $500 million to $1 billion and assets of as much as $50 million
in Chapter 11 documents.
Contact AnnArbor.com's Nathan Bomey at (734) 623-2587 or nathanbomey@annarbor.com. You can also follow him on Twitter or subscribe to AnnArbor.com's newsletters.
Comments
a2miguy
Mon, May 24, 2010 : 9:41 a.m.
What a shame. As an alternative, folks might look into the AADL's video selection. While hardly as comprehensive as Hollywood Video, their growing selection is worth a look. And it's free.
greenstriper
Sun, May 23, 2010 : 8:04 a.m.
On-Demand is a poor replacement for a video store. It simply doesn't match the variety or selection we had at any well-stocked video store. If you want older stuff or fringe/oscure stuff, you're out of luck.
silo
Sun, May 23, 2010 : 12:04 a.m.
:( I'm going to miss stopping by to get a movie as a last minute treat for the kiddo... Little guys aren't necessarily known for long-range planning (Netflicks)...
brad
Sat, May 22, 2010 : 2:45 p.m.
The classics, cult, and Criterion sections were already pretty well picked over last night. An employee mentioned a few people came in mid-day and dropped over $5k each on some of the more rare stuff.
Diagenes
Sat, May 22, 2010 : 8:25 a.m.
It was convienent to pick up dinner and a movie on the way home from work. Change is something we can count on.
bunnyabbot
Sat, May 22, 2010 : 12:13 a.m.
All videos are 20%. Old stuff is $8 and newer stuff is $14.99-$17.99. They still have a VHS section that is $1 per. doesn't sound like liquidating inventory prices, you can new or barely used dvds for cheaper with shipping on half.com, ebay, amazon etc.
Anonymous Due to Bigotry
Fri, May 21, 2010 : 11:41 p.m.
We already have netflix, and soon you'll probably be able to rent anything over the internet one way or the other. Even people in rural areas can get netflix. Everyone has postal service.
Duane Collicott
Fri, May 21, 2010 : 10:24 p.m.
Too bad. This has been a great video store, with a good selection of classics and obscure stuff.
LauraM
Fri, May 21, 2010 : 9:20 p.m.
Not everyone can get on-demand movies especially in rural areas.
mun
Fri, May 21, 2010 : 9:07 p.m.
With On-Demand, video stores are obsolete.
SuperFreckleFace
Fri, May 21, 2010 : 8:34 p.m.
All videos are 20%. Old stuff is $8 and newer stuff is $14.99-$17.99. They still have a VHS section that is $1 per.