Hollywood Agrees to Movie Gallery Deal
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Hollywood Entertainment Corp. , which may face a hostile takeover bid by Blockbuster Inc. , on Monday agreed to be bought by smaller rival Movie Gallery Inc.  for about &#36;850 million in a merger of two big U.S. video rental chains.
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RKO Pictures has signed an interim deal with the striking Writers Guild of America.
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Video rental chain Hollywood Entertainment Corp. , which may face a hostile takeover bid by industry leader Blockbuster Inc. , on Monday agreed to be bought by smaller rival Movie Gallery Inc.  for &#36;850 million.
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Hollywood directors reached a tentative contract deal Thursday with studios, a development that could turn up the pressure on striking writers to settle their 2-month-old walkout that has crippled the entertainment industry.
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Hollywood Entertainment Corp. on  Monday accepted an $850 million acquisition offer from smaller  rival Movie Gallery Inc., but a four-way takeover battle for  the video rental chain appears far from over.
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Blockbuster Inc. is in talks to buy movie download service Movielink, including long-term contracts with Hollywood's major studios to supply films and TV shows, for under $50 million in cash and stock, a source familiar with the situation said on Thursday.
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With a 20th Century Fox deal supposedly in the bag, Apple is now close to reaching similar movie rental agreements with major Hollywood studios.
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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.
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After months of heated wrangling and public speculation, a consortium led by Sony Corp. signed a definitive deal Thursday to buy the famous Hollywood studio Metro-Goldwyn-Mayer (MGM).
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The Hollywood directors' union  reached a contract deal with major film and television studios  on Thursday -- a move likely to turn up pressure to settle a  10-week-old strike by screenwriters.
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Hollywood directors have reached a tentative contract deal with studios after five days of negotiations, the directors union said Thursday
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Video rental company Movie Gallery Inc. became the third company to vie for Hollywood Entertainment Corp., claiming Friday that its offer was more likely to win antitrust approval than the $700 million bid made by industry leader Blockbuster Inc.
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Movie Gallery Inc. MOVI.O on Friday  offered to buy rival movie rental chain Hollywood Entertainment  Corp. HLYW.O for an undisclosed sum, one week after industry  leader Blockbuster Inc. BBI.N bid about $700 million for  Hollywood.
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Hollywood directors have reached a tentative contract deal with studios after five days of negotiations, the directors union said Thursday.
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Blockbuster's willing to up the ante for Hollywood Video.
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MGM, the beleaguered Hollywood studio currently being acquired by a consortium of buyers led by Sony Pictures, will continue to co-produce movies as a private company once the takeover is complete.
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- Movie Gallery Inc , the debt-plagued No. 2 U.S. movie rental company, said it plans to close about 520 underperforming and unprofitable Movie Gallery and Hollywood Video stores to save cash and reduce expenses.