You will be redirected back to your article in seconds

Hollywood Video chain, name up for sale

Streambank appointed to unload assets

The Hollywood Video name and those associated with the failed video store chain are up for sale.

A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The parent company, Movie Gallery, filed for Chapter 11 bankruptcy protection in February and is selling off its 2,400 stores.

The challenge, of course, is finding someone willing to pay for names connected to a failed business in a sector, DVDs, that is in decline.

“We have to get over that hurdle, clearly,” said Gabe Fried, founder of Streambank. “Movie Gallery had loyal customers, and there is a void now,” he said. “We believe the business can come back.”

Not necessarily in bricks and mortar stores, Fried said, but perhaps as a kiosk business, or even as a Internet video service, or an on-demand channel on cable or satellite.

Streambank has found buyers in the past for the names of other defunct retail chains. In 2007, Streambank sold the Tower Records name to Cayman Holdings for $4.2 million. Cayman now sells music from a website under the Tower name.

And last year Streambank sold the Circuit City name to Systemax for $17 million. The company, which trades on the New York Stock Exchange, operates a Circuit City website selling electronics.

At its peak, Movie Gallery operated 4,000 outlets in the U.S. and Canada for DVDs and videogames.

More Film

  • Touch Me Not

    Berlin Film Review: 'Touch Me Not'

    The Hollywood Video name and those associated with the failed video store chain are up for sale. A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The […]

  • 'Survivors Guide to Prison' Review

    Film Review: 'Survivors Guide to Prison'

    The Hollywood Video name and those associated with the failed video store chain are up for sale. A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The […]

  • 'Mute' Review: The Sound Isn't the

    Film Review: 'Mute'

    The Hollywood Video name and those associated with the failed video store chain are up for sale. A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The […]

  • Taura Stinson, Common, and Diane WarrenVariety

    Common, Pasek and Paul, Diane Warren Reveal Inspiration Behind Oscar-Nominated Songs

    The Hollywood Video name and those associated with the failed video store chain are up for sale. A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The […]

  • Berlin Facetime: Delphine Perrier, Highland Film

    Berlin Facetime: Delphine Perrier, Highland Film Group

    The Hollywood Video name and those associated with the failed video store chain are up for sale. A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The […]

  • AUGGIE (Jacob Tremblay) and JACK WILL

    Lionsgate's 'Wonder' Tops DVD, Blu-ray Disc Sales and Rental Charts

    The Hollywood Video name and those associated with the failed video store chain are up for sale. A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The […]

  • Oscar-Nominated Film Editor Edward Abroms Dies

    Oscar-Nominated Film Editor Edward Abroms Dies at 82

    The Hollywood Video name and those associated with the failed video store chain are up for sale. A bankruptcy court judge has approved hiring Streambank, a firm specializing in the sale of intellectual property, to find new owners for the trademarks, domain names and databases for Hollywood Video, Movie Gallery, Game Crazy and Reel.com. The […]

More From Our Brands

Access exclusive content