Newsgroup: it.hobby.home-cinema
Titolo: Reel chiude ,ufficiale

PORTLAND, Ore. and EMERYVILLE, Calif., June 12 -- 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.
"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 Entertainment.
"Unfortunately the business model of rapid customer acquisition
required large losses and significant cash funding. As a result of the
major declines in the value of publicly traded e-commerce companies,
we have been unable to obtain outside financing for Reel and do not
believe it is in the best interests of Hollywood's banks, bondholders
and shareholders to continue funding Reel from Hollywood's strong
video store cash flow. Despite significant customer enthusiasm, we
cannot sustain this business."
Outstanding movie orders that have been placed through Reel.com are
planned to be fulfilled. Hollywood has entered into an agreement with
buy.com
, a multi-category Internet superstore, to provide e-commerce
services going forward for visitors to the Reel.com site. It is
anticipated that the Reel.com web-site will continue to operate and
provide leading entertainment content, but commerce transactions will
be directed to 
buy.com
. Hollywood Entertainment will use Reel.com's
movie anatomy, movie matching and content to benefit its 27 million
video store members to help them in choosing movies to rent. Any
ongoing expenses associated with maintaining Reel.com will come from
Hollywood's existing marketing budget. Additionally, "Reel on Demand"
and all other video-on-demand efforts at Reel are anticipated to be
absorbed into Hollywood Entertainment.
Hollywood Entertainment expects to incur an after-tax loss of
approximately $25 million related to the disposal of the Reel.com
business. The loss is expected to include the write-down of the
goodwill associated with Reel.com, the write-down of assets to their
net realizable value, lease termination costs, employee severance and
benefit costs related to the layoff of substantially all of the
Reel.com employees, and provisions for the operating losses to be
incurred during a short phase-out period. "Now that the losses of
Reel.com are behind us, the true profitability of the Hollywood Video
business will emerge," commented David Martin, Chief Financial Officer
of Hollywood Entertainment. "For the past 18 months, large losses
related to infrastructure investments in Reel.com have completely
overshadowed the strong profits and cash flow from our nearly 1,800
Hollywood Video superstores. Investors will now be able to focus on
the profits of our core video rental business."
"Closing Reel.com's e-commerce business was a difficult decision.
However, with Hollywood's stock dropping 75% during the same period
that the operating profits of Hollywood Video stores were up over 40%,
we could no longer justify funding the e-commerce business. We want to
thank all of our existing Reel.com customers and are confident that
buy.com
 will do an excellent job providing e-commerce services,"
Wattles said. "I especially want to recognize all of our Reel
employees, who developed a terrific product. These individuals have
put in countless hours from the early stages of the company's
development, through continued enhancements to the web-site, to
becoming one of the leading Internet destinations for movie lovers.
They have delivered exceptional customer service, and I cannot thank
them enough for the talent, commitment and dedication they have given
to this company."
Hollywood Entertainment owns and operates the second largest video
store chain in the United States with nearly 1,800 video superstores
in 46 states and the District of Columbia. Hollywood Entertainment and
Hollywood Video are registered trademarks of Hollywood Entertainment
Corporation.
Certain matters discussed within this press release may constitute
forward-looking statements within the meaning of the Federal
securities law, including statements regarding anticipated future
profitability, the dollar amount of the loss and other factors related
to discontinuing Reel.com's e-commerce business. Although Hollywood
Entertainment Corporation believes the statements are based on
reasonable assumptions, there can be no assurance that these
expectations will be attained. Actual results and timing of certain
events could differ materially from those projected in or contemplated
by the forward-looking statements due to a number of factors and
risks, including those outlined from time to time in the filings of
Hollywood Entertainment Corporation with the Securities and Exchange
Commission.
SOURCE Hollywood Entertainment Corporation

 required large losses and significant cash funding
Troppi coupon.
Massimo

Yuza Delle Nuvole: 
: PORTLAND, Ore. and EMERYVILLE, Calif., June 12 -- 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.
Ieri rispondevano cosi':
'I can assure you that what you've read or heard about Reel.com is not
true.  We will still be here on Monday.'
Sincerely,
Gloria T.
Reel.com Customer Service
Comunque e' ancora possibile comprare e registrarsi e sul sito non si 
parla di chiusura.
-- 
  Egidio

parla di chiusura.
Hanno smesso di ricevere ordini alle 5 pm ora di N.Y.
Francesco

parla di chiusura.
Questo e' il messaggio quando ci si collega a Reel:
Important message
to Reel.com shoppers: 
--------------------------------------------------------------------------------
As of this week, Reel has entered into a strategic relationship with
Buy.com for the fulfillment of DVDs and videocassettes. Please feel
free to use the site as usual. You may notice reduced title
availability for the next few days, while we complete the transition. 
Reel will be shipping all orders for movies that are available on June
12th, including this week's pre-order titles. If you have ordered
other movies from Reel, you will be sent an e-mail further detailing
your fulfillment options which will be accomplished through our
relationship with Buy.com. 
--------------------------------------------------------------------------------
Thank you for your patience and patronage! 
- The Reel.com Team 
Anche il Trivia e' sospeso (annullato?)
--
Ciao
     Kluge (Area 5.1)

 for the next few days, while we complete the transition
peccato che 
buy.com
 non faccia spedizioni internazionali...!
Marco (Sax)