Image Entertainment has entered into a definitive merger agreement with private investment group Nyx Acquisitions, in a cash transaction worth about $100 million.
Steady DVD sales coupled with the emerging Blu-ray Disc format couldn’t counter a macroeconomic reality that continues to batter retailers including Trans World Entertainment Corp.
Third-quarter sales for video game retailer GameStop were up, but profits were down, the company reported Nov. 20. The announcement set GameStop stock down almost 15% by press time.
