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.

Posted:
Related Forum: PC General Forum

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

Related Articles

Comments

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

If you would like to post a comment please signin to your account or register for an account.

Soldier_Posted:

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

SmurfsPosted:

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.

CearnsyPosted:

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

Soldier_Posted:

Smurfs
Zyme
Smurfs
Zyme
Woobie What a bad idea, Blockbuster is a dying business.
Where I live it is quite popular


The one near my house wasn't very popular, and it ended up shutting down.


Unlucky mate , Blockbuster is a great all round shop


Yeah, I liked it a lot.


Yeah now i cant rent games anymore lol

StoakePosted:

Smurfs
Zyme
Smurfs
Zyme
Woobie What a bad idea, Blockbuster is a dying business.
Where I live it is quite popular


The one near my house wasn't very popular, and it ended up shutting down.


Unlucky mate , Blockbuster is a great all round shop


Yeah, I liked it a lot.


I agree with you guys blockbuster was a great store but ever since netflix and redbox came out blockbuster went down the drain.

SmurfsPosted:

Zyme
Smurfs
Zyme
Woobie What a bad idea, Blockbuster is a dying business.
Where I live it is quite popular


The one near my house wasn't very popular, and it ended up shutting down.


Unlucky mate , Blockbuster is a great all round shop


Yeah, I liked it a lot.

Soldier_Posted:

Mitzz i dont even know where my nearest blockbuster is haha


I dont even have one in my city lol

Soldier_Posted:

Woobie Hopefully they were aware that this will have to be a short-term investment, the video store genre is a dying breed.


It is, thats for sure lol

WoobiePosted:

Hopefully they were aware that this will have to be a short-term investment, the video store genre is a dying breed.

CodecPosted:

There used to be a block buster where I lived but, it closed around 4 years ago, so did 2 of the other stores. It's good new for the people who work there cause now 2,000 jobs were saved. But it's bad for whoever purchased it unless they make some drastic changes to the way the system works.


Latest Downloads

Latest Tutorials