Not wanting to miss the band wagon, it appears LacklusterBlockbuster UK are also unable to survive the current climate of the entertainment retail sector, and have publicly disclosed that they will also be entering administration. This latest revelation shows another 4,190 jobs are at risk.
http://www.bbc.co.uk/news/business-21047652
I was a member of Blockbuster, once. Like most other members, the thing I remember most fondly is racking up fees for not returning my DVDs and games on time, then not paying said fees and not informing Blockbuster when I moved home. Good times.
"We are working closely with [Blockbuster UK's] suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors," said Lee Manning, from Deloitte's Restructuring Services practice.
"The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern.
"During this time gift cards and credit acquired through Blockbuster's trade-in scheme will be honoured towards the purchase of goods."
http://www.bbc.co.uk/news/business-21047652
I was a member of Blockbuster, once. Like most other members, the thing I remember most fondly is racking up fees for not returning my DVDs and games on time, then not paying said fees and not informing Blockbuster when I moved home. Good times.