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Article: Gallery chief knocks VOD.(Late flashes)(Movie Gallery CEO Joe Malugen )(Brief Article)
- Article from:
- Video Store
- Article date:
- February 29, 2004
- Author:
CopyrightCOPYRIGHT 2004 Advanstar Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Calling home video the "goose that laid the golden egg," Movie Gallery chairman, president and CEO Joe Malugen told analysts at the 10th Bear Stearns retail conference that efforts by movie studios to expand video-on-demand (VOD) services are overblown. "The VOD people make somewhat of a 'tail wagging the dog' argument in that VOD is a $500 million business as opposed to a $15 billion [return by the studios] in home video," Malugen said. "The margins are essentially the ...
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Article: Movie Gallery not a pretty picture.
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... ... the July 2 announcement. At Movie Gallery's current rate of earnings ... still exist that would take Movie Gallery out of its slump, 'the management ... of our refinancing plan,' Movie Gallery chairman Joe Malugen said in a statement. 'However ...
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