BREAKING NEWS: Blockbuster goes into administration
14:38 16 January 2013
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.