As if anyone didn’t see this coming. If GAME, HMV, Comet, Jessops and more could go under – the former admittedly only temporarily – then Blockbuster was surely not far behind. As parodied in the South Park episode A Nightmare on Facetime, nobody rents DVDs any more – at very least, not from a store.
There are already plans for over 150 stores to close in the next six months but this is just a fraction of the 528 outlets in the UK. They employ a total of 4,190 staff, who presumably won’t be in work for much longer. At least they got to keep their jobs over Christmas… right?
An administrator is currently being sought according to MCV, though no word on who it will be as of yet. Hopefully it’ll find a way to maintain at least a few of the stores open for a while, but it’s difficult to see how.
KitGuru Says: Despite the sheer volume of DVDs and other media Blockbuster must have in stock, it can’t be worth much. I traded in my collection the other day. 250 DVDs, £80 for the lot. Eurgh.