After weeks of speculation, yesterday it became official...Movie Gallery, Inc. is about to become the second largest of it`s kind in the nation. The Dothan based movie rental giant, has agreed to purchase Hollywood Entertainment. The company is se to pay 850 million dollars to acquire it`s rival company, now making it the country`s second largest only behind Blockbuster. The deal means 350 million dollars in new debt for Movie Gallery, but the company is expected to boost it`s earnings considerably. News 18 attempted to get local reaction on the deal, but area reps would not comment on camera.