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.


Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
DorthLousActually, nop, I did miss the emoticon for some reason (getting used to pics?) and I didn't know you changed it since (since I posted previous to my shout and it was still there.) Anyhow, thanks for taking it out!05/23/2012 - 6:01pm
james_fudgeWell we were just testing it. but it is still on the submission to fight $pam.05/23/2012 - 5:48pm
E. Zachary KnightJames, No I don't have it. I was just wondering who does and why. More curiosity than anything.05/23/2012 - 5:38pm
james_fudgeDid you not see the emoticon and did you not see that it has already been changed back?05/23/2012 - 5:10pm
james_fudgeLOL05/23/2012 - 5:07pm
DorthLousWhy? Not shocked that people are barking to an additional hoop to jump through when posting from their already logged in account or just mentionning this to try to paint me as one always complaining?05/23/2012 - 4:45pm
james_fudgebig shock there ;)05/23/2012 - 4:30pm
DorthLousI'll add my voice to those wanting it gone :S I'm already logged in, I don't need a captch'a. That's for those registering.05/23/2012 - 3:54pm
james_fudgeEt tu EZK?!?05/23/2012 - 3:51pm
Craig R.I'm a One Man Quorum! And it's working for me now, thanks. :)05/23/2012 - 3:48pm
E. Zachary KnightHow do we determine who get's the game/captcha thingy? Is there a certain posting threshhold users have to meet before it is turned off?05/23/2012 - 2:25pm
james_fudgeGive it a chance, we're still adjusting it ;)05/23/2012 - 11:20am
james_fudgeOne does not a Quorum make Craig.05/23/2012 - 11:16am
Craig R.If I complete the stupid game, and it just deletes my comment, what's the point?05/23/2012 - 11:15am
Craig R.Ok, the little captcha game? You can get rid of it already.05/23/2012 - 11:13am
Craig R.FCC boss is giving the thumbs up to usage-based pricing for Internet access05/23/2012 - 11:08am
Andrew Eisenbeemoh - Yeah, Miyamoto was awarded the Spanish prize for Communication and Humanities.05/23/2012 - 10:36am
beemohUK READERS: Sky Arts to broadcast complete Video Games Live concert this Friday at 9PM. Repeat 7AM the day after.05/23/2012 - 10:09am
beemohMiyamoto seems to have been awardsed something- he was just trending worldwide on Twitter, and all the tweets were in what looked like Spanish.05/23/2012 - 7:07am
Michael ChandraThink so yes, since the judge didn't allow them to add ips at will. :P05/23/2012 - 6:23am

Be Heard - Contact Your Politician