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Article: Reel.com to Discontinue E-Commerce Operations.
- Article from:
- PR Newswire
- Article date:
- June 12, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. 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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Hollywood Entertainment Anticipates Immediate Return to Profitability
PORTLAND, Ore. and EMERYVILLE, Calif., June 12 /PRNewswire/ --
Hollywood Entertainment Corporation (Nasdaq: HLYW), owner of the Hollywood Video chain of video superstores, today announced that it would close down the e-commerce business at Reel.com.
(Photo: http://www.newscom.com/cgi-bin/prnh/19991105/HLYWLOGO )
"Reel.com has built an excellent web-site for movie buyers and those interested in movie content. Revenue, customer traffic and customer satisfaction have all been very strong," commented Mark Wattles, Chairman and Chief Executive Officer of Hollywood ...