Digest: Movie Gallery safe; Hasbro mixed
Movie Gallery Inc. said Monday in a regulatory filing that lenders have agreed, with conditions, not to force it into bankruptcy for the next few weeks as it tries to either sell itself or restructure. via Hollywood Reporter
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#1 Aug 3, 2007
Don't send your kids to business school in Alabama. Top management has no idea how to run a sucessful business. They argued that there is not enouh online customers to open online rentals. Well what happens when 2 million customers turn into 4 million and 4 turns into 8 million and 8 turns into 10 million. Now do we have your attention? Oh ya now its to late the other two have all to them selves. It would take a giant like Amazon or Apple to take a dent out Netflix and Blockbuster.
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