Court OKs Movie Gallery’s Bankruptcy Motions

February 5, 2010 · Posted in M&E Daily, Today's M&E Connections 

A bankruptcy court has approved a motion allowing Movie Gallery Inc. to use available cash on hand to maintain operations, including paying employee salaries and benefits; honoring customer programs, memberships, gift cards and store credits; and paying vendors. Usually a perfunctory move by the court, it is nonetheless important because without access to funds, Gallery’s ability to maintain day-to-day operations would likely cease. By Home Media Magazine

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