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Columbia House to Pursue October Auction, Sale

Submitted by jhartgen@abi.org on

Columbia House, the once wildly successful mail-order music brand, will soon ask a bankruptcy judge to sign off on an expedited sale process, one that would hand control of the brand to a new owner by the end of October, Dow Jones Daily Bankruptcy Review reported today. Filmed Entertainment Inc., the current owner of Columbia House and its remaining DVD club business, will ask Bankruptcy Judge Shelley Chapman to approve the rules governing its sale process at a hearing Sept. 24, according to Scott Griffin, a lawyer for FEI. That process will call for an auction Oct. 16, followed by a hearing to approve the results of the auction Oct. 20.