All The Day's News…From The Domaining Experts
HollywoodVideo.com. Reel.com, MovieGallery.com, GameCrazy.com All Hitting The Bankruptcy Auction Block
Variety.com is reporting that the domain names HollywoodVideo.com, MovieGallery.com GameCrazy.com and Reel.com, are all hitting the auction block.
“”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.””
According to Variety, Streambank sold the Tower Records name to Cayman Holdings for $4.2 million. and the Circuit City name to Systemax for $17 million.
At its peak, Movie Gallery operated 4,000 outlets in the U.S. and Canada for DVDs and videogames.
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