Via Jeremiah’s Vanishing New York blog comes this sad notice: the East Village’s Mondo Kim’s will be closing, and Mr. Kim is searching for some organization to take the store’s collection of 55,000 videos. (Hat tip: Movie City News.)

From the blog:

In posters on display at Mondo Kim’s, he writes to say that, due to “rapidly declined” financial resources, he is seeking a sponsor to take on his entire collection of 55,000 films. The flyer goes on to say that he plans to close the rental department of his business and hopes to ensure that the collection will still be readily accessible to students and lovers of film.

There are more details at the link and also in the flyer reprinted here. Mr. Kim will open a store on First Avenue but it will consist of music and DVD sales, and no rentals.