MovieBeam to end rental service
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From Times Wire Services
Movie Gallery Inc. plans to close its direct-to-home video rental unit MovieBeam Inc. on Saturday to cut costs.
Movie Gallery filed for bankruptcy protection Oct. 16, blaming two years of losses and competition from Blockbuster Inc. and Netflix Inc.
Initially backed by Walt Disney Co., Burbank-based MovieBeam started its video service in February 2006.
