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-------------------------------------------------------------- This story was printed from dtheatre.com, located at http://www.dtheatre.com/read.php?sid=937. --------------------------------------------------------------
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Reel.com admits defeat By JackDavidsonOLD, (DT) June 12, 2000 2:01 PM PT |
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(Wonkoslice) reported on an article from News.com on the closing of Reel.com's ecommerce ventures.?Reel.com will still provide content for other sites, but will not sell videos.? The e-tailer, which sold videos and DVDs and offered content focusing on movies, will shutter its e-commerce operations.?Hollywood Entertainment, its parent company, will take a $25 million charge.?The owner of the Hollywood Video chain of video stores acquired Reel.com in July 1998 in a deal valued at $100 million.? Read more... |
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