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Movie Gallery shelf life is shaky


August 13, 2007 Movie Gallery has delayed the introduction of a DVD-by-mail subscription service that will compete with Netflix and Blockbuster Total Access until next year -- assuming the company can stay in business that long. The company is trying to negotiate with lenders an extension of a forbearance agreement that expires Tuesday in order to ward off possible foreclosure proceedings. Movie Gallery also said it plans to expand its kiosk program, wherein 74 movie-vending machines -- and counting -- operate 24/7 in malls and supermarkets, and it still has VOD plans involving its Moviebeam acquisition.

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