Hollywood Entertainment launches Internet business

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Hollywood Entertainment Corp., a video chain with 1,260 retail stores, has formed Internet Hollywood, a wholly owned subsidiary that will operate the company's existing online businesses, including movie site Reel.com. Also, Jeffrey Jordan was named president of Internet Hollywood. He had been exec VP-chief operating officer of Hollywood Entertainment, Portland, Ore., a post how held by David Martin, who had been managing director of high yield finance, NationsBanc Montgomery Securities.

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