Deathwatch: Blockbuster appoint administrators....

16 January 2013

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.'


  • Chewbacca
    (insert obligatory "feel sorry for the staff" comment here...)
  • spyro
    Not really a surprise - been a long time coming. Like HMV, completely failed to move with the times and use the internet for their business. They could have easily have been Lovefilm or bought them out etc but didn't. Won't be missed. (insert obligatory “feel sorry for the staff” comment here…)
  • sMac
    Business is booming for Deloitte.
  • Simply s.
    I'll have a P45 please bob
  • Chewbacca
    Let's open a book on how many retards call them "Blockbusters". See also: Tescos Asdas Mataland etc
  • Bob H.
    Bastards stole our name, got what they deserved!
  • Chewbacca
    @Dead Bob. No, they didn't. See the post immediately above yours. Moron.
  • tcs
    (insert obligatory "insert obligatory “feel sorry for the staff” comment here…" comment here)
  • tcs
    Am I the only person surprised by this news? I thought Blockbusterz ceased trading a long time ago. Can't recall seeing any Blockbuster advertising or stores in recent months... Maybe I don't watch enough TV. Or eat enough pizza.
  • Bollockoff007
    @Chewbacca You really are a knowitall cunt - is your pathetic life really as sad as it seems?
  • Chewbacca
    @Bollockoff007 Yes it is.
  • Jamie
    I'm with tcs, I also thought BlockbusterS had either been taken over, merged or stopped trading years ago. I don't know when the last time I saw a BB was. Is renting DVD's/VHS still their business model? Is it even possible for that business model to work now?
  • Jamie
    Nevermind my question above, it seems BB are quite large and still employ over 4000 people. Whodathunk it.
  • Dick
    I've still got one of their VHS video boxes. Fuck you Blockbuster!
  • klingelton
    @Dick the administrator will be coming after you to reclaim that, I'm sure!
  • Justin A.
    Blockbuster were in on the dvd-by-post business around 11 years ago, alongside Lovefilm. What they haven't done is capitalise on the digital side like LF and Netflix and then they still continued with the HMV model of films and games for sale at the RRP, while the rent-from-store market shrank. Add to that the lack of a good website which had payment system with a rep for rejecting the perfectly good payment cards of its customers. A BB employee even pointed me towards a different store to buy a PS3 controller cheaper than in BB!
  • Mr M.
    Why is it always Deloitte handling the big administrations?
  • Reser
    I am surprised they have lasted so long on such an old fashioned business model. they did not go with the times. People may claim they were in the DVD by post business, but they were pretty late joining that, they did not start until well AFTER LoveFilm were well established. And DVD by Post has already become old fashioned. Their prices for retail stuff were like HMV's, usually ridiculous.
  • Justin A.
    @Reser - it's not a claim, it's a fact. "In December 2003, DVDsOnTap rebranded to LoveFilm". "Blockbuster UK's DVD-by-mail service began in October 2002" (pay per disc)... "In May 2004, Blockbuster also introduced a conventional online subscription service" (pay per month). So you could argue that BB were in there first, by over a year, not late to the business. First company I did the whole by-post thing with was ScreenSelect in Sept 2003. This was another brand that was merged with Lovefilm. DVD by post is hardly old fashioned. The choice between unlimited dvds for £14 per month and an immediate streaming download for £x.xx extra cash per watch on LF is an easy one - the discs.
  • Chewbacca
    @ Bollockoff007 Ignore the fake chewie, he's a cunt. Look, it's simple. You've taken offence because I hit the nail on the head, and you didn't like it. Fact is, certain people like to add superfluous "s"'s to brand names for no apparent reason. They also tend to belong to the same socio-economic demographic. Essentially: poor scum=retards. It's not really my fault that you don't like the truth, but I'll apologise anyway as those knuckles you've been dragging along the ground (yes, GROUND) seem a little bit raw already.
  • Bob H.
    @Chewbacca You don't really understand irony do you?
  • Chewbacca
    @Dead Bob THAT was irony? Fucking hell. Do YOU understand it?
  • Issac M.
    chewbacca = winning streak
  • Bob H.
    @Chewbacca Now you're getting it
  • Han S.
    @Chewbacca You're so funny! Now THAT'S irony
  • Chewbacca
    @Han Solo You shot 1st! (but you're still a wank)
  • Jamie e.
    I predicted (ish) Blockbuster would be next in the HMV Deathwatch post. Do I win the Internets? For my next prediction in the dead-pool I will say Thorntons high street shops...
  • Marly m.
    Blockbusted! When Choices went I was gutted, we had a lot of entertainment from there and they always had a good selection of world cinema for something different. But since getting Lovefilm and then netflix, I cant see myself ever even bothering to browse blockbusters again. Do you know they even got rid of the low quality soft core porn years ago.
  • Mary H.
    fuck blockbuster, ripoff cunts. Chinese bloke in town was doing 3 blueys for a tenner, and a fake rolex, result!!
  • Paul S.
    In the papers... The Guardian, 22/01/2013 The UK division of Blockbuster, that collapsed last week, paid less than £250,000 in corporation tax over a 15 year period in which it notched up more than £3.5 billion in sales. The UK operation struggled to consistently make profits over the last 15 years for which accounts are available, yet it was charged almost £78 million in royalties - for use of the Blockbuster brand, IT systems and other franchise rights - by its then parent Blockbuster Inc. Such payments have been become the subject of heated political debate lately following revelations about aggressive tax arrangements, entered into by the likes of Google, Amazon and Starbucks.

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