Blockbuster UK finds buyer

4.7
Restructuring and investment firm Gordon Brothers Europe bought Blockbuster UK over the weekend. The multimedia rental and sales chain entered administration in January, a month which also saw Blockbuster's US arm close a further 300 stores. Gordon Brothers Europe acquired the retailer's 264 UK stores, with the BBC reporting 2000 jobs may be saved as a result. How much the sale cost remains undisclosed.

With GAME's troubles of last year, the demises of Blockbuster and HMV left UK high street games retail with worryingly threadbare prospects. The administration process leaves Blockbuster with just over half of the 500 stores it had before, while HMV's high street presence is facing a similar level of cutback. However, both the Telegraph and the Financial Times are reporting restructuring specialist Hilco is close to securing a deal to buy HMV, having taken control of the retail chain's debt.

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Source: http://www.joystiq.com/2013/03/25/blockbuster-uk-finds-buyer/

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"Blockbuster UK finds buyer" :: Login/Create an Account :: 136 comments

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ESVPosted:

i hope to see more blockbuster around by me, i loved this store!

EnvelopePosted:

Man in the US there are closing left and right.

KelcyPosted:

Sucks that mines shut down

SynybunPosted:

I don't get what happened to them. They were successful.

UplayPosted:

Thank christ! I've gone to blockbuster for years to rent DVD's I'm just glad im not going to have to go someplace else.

LosersPosted:

one over here gotten removed long time ago

nhannon9Posted:

Man.. I remember when I had gotten home from after my day in elementary school I would head over to my local Blockbuster on my bike, I'd always rent a game then love it and end up buying/keeping it

BuddhismPosted:

Another chain that has fallen apart :(, I remember going to blockbuster all the time when I was a kid it's a shame

ZombrPosted:

They should make a Netflix competitor, because that's the only way forwards they're going to make money!

KelcyPosted:

Maya
Smurfs
M60
Iglesias In Los Angeles the closest BlockBusters to my house are gone. It's been 2 - 3 years now. Everyone here has Netflix haha.


I would happily get Netflix instead


I love Netflix but when I used to have a Blockbuster near my house they used to have some movies/shows that weren't on Netflix, which was nice.


Now i just download everything on tpb lmao


to risky now a days with them cracking down on piraters rather than the sites that provide them


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