Deathwatch: Blockbuster appoint administrators....
Yes, ANOTHER one. 528 stores and 4,200 jobs are at risk as Deloitte have been brought in to act as administrator for Blockbuster UK.
The stores will continue to trade while Deloitte looks for a buyer and, unlike HMV, gift cards and vouchers will continue to be accepted for now.
Lee Manning, from Deloitte's Restructuring Services practice, said: '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'.
'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.'