Rental chain Movie Gallery has filed for bankruptcy, reports Industry Gamers. The move comes several months after the company revealed that it was closing nearly a third of its Game Crazy videogame sections. Movie Gallery also operates Hollywood Video stores. As reported in Industry Gamers, the company is filing for chapter eleven to reorganize its business operations and plans to close 760 stores immediately. The news outlet says that it s Movie Gallery’s second bankruptcy in three years. It estimates that the store closures leave 1,906 stores remaining in the U.S., currently made up of 1,111 Movie Gallery, 545 Hollywood Video and 250 Game Crazy locations. Read more at Industry Gamers {link no longer active}.

Movie Gallery Files For Bankruptcy
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