Blockbuster UK Goes Into Administration, Following Fellow Ecommerce Victims HMV and Jessops
First Jessops, then HMV, and now Blockbuster has fallen prey to the onslaught of the digital revolution.
The BBC has just confirmed that the UK arm of the once omnipresent DVD/game rental firm is entering into administration, which includes 528 stores across the UK, employing more than 4,000 staff.
Accountancy firm Deloitte will now oversee the day-to-day running of the firm, and has unsurprisingly noted that competition from “Internet-based film services” has hit business hard.
The good news, if you can call it that, is that vouchers can still be used