Hollywood Video Pulls Plug On Web Site

Tue., June 13, 2000

From Staff

Hollywood Entertainment said Monday it is pulling the financial plug on its cash-draining Reel.com Web site before it drags down the bricks-and-mortar foundation the company has built into the nation’s No. 2 video chain.

Hollywood will maintain the Reel.com site and its movie listings, but the site will forward orders for videos and DVDs to another company at a separate Web site.

David Martin, chief financial officer for the Wilsonville-based company, said it has gotten tougher to find financial backing for Internet sites that keep spending huge amounts of money on building business without showing a profit.

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Hollywood Video Pulls Plug On Web Site

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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