Hollywood Entertainment Sets February 16 Record Date for Shareholders Eligible to Vote on Proposed Merger With Movie Gallery

Hollywood Entertainment Sets February 16 Record Date for
Shareholders Eligible to Vote on Proposed Merger With Movie Gallery 


PORTLAND, Ore., Feb. 10  /PRNewswire-FirstCall/ -- Hollywood Entertainment
Corporation (NASDAQ:HLYW) today announced that February 16, 2005 is the record
date for determination of shareholders entitled to receive notice of, and vote
at, a special meeting to be held relating to its previously announced merger
agreement with Movie Gallery, Inc. (NASDAQ:MOVI).  A date for the special
meeting has not yet been set.

Additional Information

The proxy statement that Hollywood plans to file with the SEC and mail to its
shareholders will contain information about Hollywood, Movie Gallery, the
proposed merger and related matters. Shareholders are urged to read the proxy
statement carefully when it is available, as it will contain important
information that shareholders should consider before making a decision about
the merger. In addition to receiving the proxy statement and a white proxy card
from Hollywood by mail, shareholders will also be able to obtain the proxy
statement, as well as other filings containing information about Hollywood,
without charge, from the SEC's website (http://www.sec.gov/) or, without
charge, from Hollywood. The proxy statement will also be available from
MacKenzie Partners, Inc. by calling [phone] toll-free or by email
request to: . This announcement is neither a solicitation of proxy, an offer to
purchase nor a solicitation of an offer to sell shares of Hollywood.

Hollywood and its executive officers and directors may be deemed to be
participants in the solicitation of proxies from Hollywood's shareholders with
respect to the proposed merger. Information regarding any interests that
Hollywood's executive officers and directors may have in the transaction with
Movie Gallery will be set forth in the proxy statement. 

DATASOURCE: Hollywood Entertainment Corporation



CONTACT:  Daniel Burch, [phone], or Larry Dennedy,

[phone], or Bob Marese, [phone], all of Hollywood

Entertainment 

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