Hollywood video closing
By Catharin Shepard
Published in News on February 10, 2010 1:47 PM
Hollywood Video on Ash Street is one of the more than 800 video and game rental stores nationwide owned by Movie Gallery Inc. that will close in the coming months.
The store is still renting, but is beginning to sell off its stock of new and used DVDs and video games, manager Jarrett Poff said.
Hollywood Video may continue renting movies for about two more months before Poff must close the doors. The store will liquidate all of its stock during that time. There is not a specific set closing date yet, Poff said.
"It's kind of up in the air," he said.
No returns of any of the discounted stock will be possible. All sales of merchandise are final.
The store employs five people. There is a possibility that the company might attempt to transfer its workers to another store, Poff said.
Movie Gallery Inc. filed for Chapter 11 bankruptcy protection and is closing approximately one-third of its stores across the country. Movie Gallery Inc. purchased Hollywood Entertainment Inc., Hollywood Video's parent company, in 2005. The company first appeared in bankruptcy court in 2007.
Blockbuster Video on Wayne Memorial Drive closed earlier this year. After Hollywood Video closes, the Blockbuster Video store on Spence Avenue will be the only national chain video rental store operating a brick and mortar facility in Goldsboro.
Other options for renting movies locally include the Redbox $1-per-night, self-serve DVD rentals available at the Walgreens pharmacy on Wayne Memorial Drive and at Wal-Mart on Spence Avenue.