Real Estate/Development
Jul. 2, 2000
Internet video seller in trouble but real stores prosper
In another sign of turmoil in the emerging e-commerce industry, the parent company of Reel.com, an Internet-based video seller, has decided to discontinue Reel.com's retail activities and reposition the Web site for promotional purposes only.
In another sign of turmoil in the emerging e-commerce industry, the parent company of Reel.com, an Internet-based video seller, has decided to discontinue Reel.com's retail activities and reposition the Web site for promotional purposes only.
Reel.com, which was founded in Emeryville in 1997 but sold 18 months later to Portland, Ore.-based Hollywood Entertainment, lost twice as much as it earned last year, running up $82 million in debts while bringing in only $40 million i...
Reel.com, which was founded in Emeryville in 1997 but sold 18 months later to Portland, Ore.-based Hollywood Entertainment, lost twice as much as it earned last year, running up $82 million in debts while bringing in only $40 million i...
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