BREAKING NEWS: Blockbuster goes into administration

14:38 16 January 2013

Blockbuster UK has gone into administration. Picture: Katie Collins/PA Wire

Blockbuster UK has gone into administration. Picture: Katie Collins/PA Wire

DVD and video games rental firm Blockbuster UK, which has 528 stores in the UK employing 4,190 staff, has gone into administration.

Deloitte, which is handling the administration, said the collapse was driven by competition from internet firms and digital streaming of movies and games.

The Uxbridge-based business opened its first store in London in 1989 and now trades from 528 outlets employing 4,190 staff.

The news came in the same week that it was announced HMV was going into administration.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest business news

Monday, June 15, 2015
Proposed tower at 22 Bishopsgate and [insert] view from The Momnument looking north [image: Hayes Davidson]

Designs for the proposed tower at 22 Bishopsgate have gone on show for the first time today in a public exhibition before the modified post-recession scheme is submitted for City of London Corporation approval later this summer.

Sunday, May 31, 2015
Silicon roundabout

Councillors in Hackney and Islington say they would welcome any investment into Tech City as government plans to transform the Old Street roundabout remain a mystery.

Tuesday, May 26, 2015
Conference on how start ups can make the most of collaborating with corporates

Start-ups were advised to be confident and know their worth when doing business with bigger companies at a conference about how they could effectively collaborate with larger corporates.

Tuesday, May 19, 2015
Meg Hillier, representative for Hackney South and Shoreditch, during a photocall for Labour MP's at The House of Commons, Westminster.

MPs for Tech City have voiced their recommendations on how to ensure the technology powerhouse continues to thrive under the new Tory government.

Saturday, May 9, 2015
Russ Shaw speaking at Tech London Advocates conference

A new report has highlighted three major issues that could seriously affect the growth of Tech City.

Friday, May 1, 2015
Jessica Ellis and Tom Hankin are the brother and sister team behind Ambam

Looking for something extra special from shops on your local high street? Then try new social network Ambam, created especially for Londoners.

Competitions

Escape to the picturesque sights of Cornwall

Summer is finally here, and what is the number one holiday location in the UK during the warmer months? Cornwall, of course!

Read more
Adrenalin junkies, this one's for you!

An icon of British engineering and a consistent favourite of James Bond, there are few names quite as legendary in motoring as Aston Martin.

Read more
£100 worth of pet goodies up for grabs!

Animal lovers rejoice! It’s time to treat your pooch or spoil your kitty with a hamper worth £100 from Feedem.

Read more

London Bloggers

Monday, April 13, 2015
Vintage fashion shopping is a joy in London (Photo by Graham French/BIPs/Getty Images)

In with the old, out with the new. This is the mantra of the best London vintage shoppers today, whose aesthetic of effortless chic is becoming more sought after.

Wednesday, April 8, 2015
Eating the right foods can significantly improve your mood

Think sweet treats make you feel better? ‘Comfort foods’ could be adding to your misery.