Reel.com admits defeat

By JackDavidsonOLD June 12, 2000 2:01 PM

(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.?

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