Movie Gallery, which operates Hollywood Video stores, filed for Chapter 11 bankruptcy on Feb. 2, less than two years after it emerged from the court's protection after first filing in late 2007.
 
The company may close at least 800 of its roughly 2,600 stores.
 
Netflix, the company that pioneered mail-order DVD rental and has since moved into online content streaming, boosted its subscriber numbers by 31 percent to 12.3 million in the fourth quarter of 2009.

Reuters story.