Tully & Holland advises GameStop in the divestiture of its MovieStop division.
January 18, 2012 - Tully & Holland, Inc. ("T&H") is pleased to announce its role as financial advisor to GameStop in the divestiture of its MovieStop division to MovieStop LLC. Terms of the transaction were not disclosed.
MovieStop LLC (www.MovieStop.com
) is a leading value retailer of new and used movies based in Atlanta, GA. MovieStop currently operates 49 destination locations in 11 states, primarily on the East Coast, and is growing its store count in existing and nearby markets. The chain was established in 2004 originally operating as a division of GameStop.
MovieStop employs a unique and disruptive buy/sell/trade model offering the consumer unrivaled value, selection and service. The concept revolves around selling the broadest catalog of new and used movie titles alongside the latest new release hits. Central to the concept is MovieStop's proven ability to make a market in used movie titles on a large scale. MovieStop is the only specialty brick and mortar retail chain employing the buy/sell/trade model exclusively in the home video category.
GameStop Corp. (NYSE: GME), a Fortune 500 and S&P 500 company headquartered in Grapevine, Texas, is the world's largest multichannel video game retailer. GameStop's retail network and family of brands include 6,627 company-operated stores in 17 countries worldwide and online at www.GameStop.com
. The network also includes: www.Kongregate.com
, a leading browser-based game site; Game Informer(R) magazine, the leading multi-platform video game publication; Spawn Labs, a streaming technology company; and a digital PC game distribution platform available at http://www.GameStop.com/PC