Battle Brewing over Movie Gallery’s Game Inventory

June 24, 2010

Movie Gallery filed for Chapter 11 in February of this year, and then announced in April that it would close and liquidate all of its locations, including its Hollywood Video and Game Crazy storefronts. Now a battle is gearing up over the company’s sizeable new and used game inventory.

Movie Gallery asked a bankruptcy court on June 14 to approve a sale of its videogame assets to COKeM International Ltd. for $3.025 million, according to a story on Forbes. 

Game Trading Technologies, who supplies GameStop, Wal-Mart, Best Buy, Blockbuster and 7-Eleven with used games, wanted to buy the stockpile of  games as well, and was willing to pay more, so it asked the court to allow it to bid for the collection. GTT said it would pay at least $3.075 million for the inventory.

Yet another company wants in on the sale too; Gametronics Inc. (also known as LA Closeout) filed a similar motion to GTT’s, saying it would pay at least $3.05 million for the game assets.

 
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james_fudge: she gets no credit until she employs some common sense. - 2 credits for her.05/24/2013 - 11:22am
Andrew Eisen: To Stender's credit, she did unmoderate my most recent comment within a day's time. There's even a couple other replies. None from her though.05/24/2013 - 11:18am
james_fudge: apparently gamers are all 14 - 21 years-olds living in basements according to her way of thinking...05/24/2013 - 11:11am
ZippyDSMlee: EZK: 0_o thier video card chipset is at the very least 3 versions behind the top PC video card.......05/24/2013 - 7:38am
MechaTama31: "You just wouldn't understand how my parenting preferences are more important than everybody else's freedoms."05/24/2013 - 7:37am
DorthLous: I love how she plays the "I'm a parent, you're a gamer, you couldn't understand" card... I'm a parent and I find her position despicable...05/23/2013 - 4:16pm
E. Zachary Knight: She didn't address your questions because she doesn't have any answers.05/23/2013 - 3:38pm
Andrew Eisen: I replied to her comment. Maybe in a few weeks I'll get a reply.05/23/2013 - 3:24pm
Thomas Riordan: @Andrew Eisen To what bowling alley does she go that puts sexual images in the faces of 6 year olds?05/23/2013 - 3:17pm
Andrew Eisen: Well, it took a month but Linda Stender finally replied to me... and didn't address a single one of my questions. http://aswlindastender.com/2013/04/23/follow-up-video-games-and-their-effect-on-children/05/23/2013 - 3:13pm
Imautobot: Also, from a tech perspective the PS4 is apparently already winning. http://bgr.com/2013/05/22/xbox-one-vs-playstation-4-specs/05/23/2013 - 3:12pm
Imautobot: Sony's PS4 motto should be "We play games." Microsoft's should be "We play games, when we're not rewinding your tapes."05/23/2013 - 3:11pm
Andrew Eisen: Oh look, Dying Light was just announced For Everything But Wii U. That's 73.05/23/2013 - 2:06pm
james_fudge: Zippy: they said the same thing about Cell. How did that turn out.05/23/2013 - 1:28pm
Andrew Eisen: Need for Speed Rivals is coming out For Everything But Wii U - PS3, 360, PC, PS4 and Xbox One. That brings the grand total up to 72.05/23/2013 - 12:55pm
PHX Corp: http://wiiudaily.com/2013/05/microsoft-is-selling-the-wii-u-better-than-nintendo/ Wii U daily Opinion: Microsoft is selling the Wii U better than Nintendo05/23/2013 - 12:23pm
E. Zachary Knight: Zippy, they very well may be. But that will only last until they are released. At that time, they will be two generations behind.05/23/2013 - 11:14am
ZippyDSMlee: for a good luagh, http://www.escapistmagazine.com/news/view/124288-EA-Exec-Xbox-One-and-PS4-Are-A-Generation-Ahead-Of-PC05/23/2013 - 10:55am
james_fudge: It's about time! I need W805/23/2013 - 10:49am
MaskedPixelante: Looks like Gamepot is more willing to play ball than Square Enix. Wizardry 6+7 and 8 are available on GOG.05/23/2013 - 10:36am
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