Blockbuster goes into administration

3:40pm Wednesday 16th January 2013 in Headlines Photograph of the Author By Mark Taylor, Reporter. Please call me on (01865) 425411

FILM rental company Blockbuster has become the latest high street chain to go into administration.

Adminstrators Deloitte were appointed today, leaving uncertainty for employees across the county.

Blockbuster has a number of stores across Oxfordshire including; London Road in Oxford; Peachcroft Road in Abingdon; the Causeway in Bicester; Market Place, Faringdon; Upper High Street in Thame; Market Place in Wantage; High Street in Kidlington, and Langdale Gate in Witney.

The chain's demise has come hot on the heels of entertainment retailer HMV, which plunged into trouble on Monday.

Photography chain Jessops and Comet have both gone under already in 2013.

Lee Manning, spokesman for Deloitte said: “We are working closely with 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.”

Comments (8)

3:59pm Wed 16 Jan 13

mandate says...

If HMV won't honour gift vouchers after going into administration. Then why should anybody leave back rented DVD's to Blockbuster?
If HMV won't honour gift vouchers after going into administration. Then why should anybody leave back rented DVD's to Blockbuster? mandate

4:13pm Wed 16 Jan 13

Andrew:Oxford says...

mandate wrote:
If HMV won't honour gift vouchers after going into administration. Then why should anybody leave back rented DVD's to Blockbuster?
Aren't the DVDs owned by the studios with Blockbuster acting as the intermediary?
[quote][p][bold]mandate[/bold] wrote: If HMV won't honour gift vouchers after going into administration. Then why should anybody leave back rented DVD's to Blockbuster?[/p][/quote]Aren't the DVDs owned by the studios with Blockbuster acting as the intermediary? Andrew:Oxford

4:21pm Wed 16 Jan 13

Grunden Skip says...

Andrew:Oxford wrote:
mandate wrote:
If HMV won't honour gift vouchers after going into administration. Then why should anybody leave back rented DVD's to Blockbuster?
Aren't the DVDs owned by the studios with Blockbuster acting as the intermediary?
Maybe some, but they also sell a lot of ex-rental, I wonder if there will be a 50p a pop fire sale.
[quote][p][bold]Andrew:Oxford[/bold] wrote: [quote][p][bold]mandate[/bold] wrote: If HMV won't honour gift vouchers after going into administration. Then why should anybody leave back rented DVD's to Blockbuster?[/p][/quote]Aren't the DVDs owned by the studios with Blockbuster acting as the intermediary?[/p][/quote]Maybe some, but they also sell a lot of ex-rental, I wonder if there will be a 50p a pop fire sale. Grunden Skip

4:32pm Wed 16 Jan 13

pcollins says...

I thought they went under months ago and only the US blockbusters was still a going concern????
I thought they went under months ago and only the US blockbusters was still a going concern???? pcollins

5:36pm Wed 16 Jan 13

xjohnx says...

Blockbusters has already ceased trading therefore the voucher owners are just one of the many creditors.
The administrators are trading with the companies assets as the law requires. They are not liable for Blockbusters debts and are not required to pay debts while trying to sell the company so as to pay the creditors there due.
Blockbusters has already ceased trading therefore the voucher owners are just one of the many creditors. The administrators are trading with the companies assets as the law requires. They are not liable for Blockbusters debts and are not required to pay debts while trying to sell the company so as to pay the creditors there due. xjohnx

9:07pm Wed 16 Jan 13

Feelingsmatter says...

It's sad; another casualty of online monsters. I personally enjoy walking along the shelves looking at the cases rather than using a laggy online site.
It's sad; another casualty of online monsters. I personally enjoy walking along the shelves looking at the cases rather than using a laggy online site. Feelingsmatter

9:39pm Wed 16 Jan 13

dant40 says...

It's very sad to see it go.

I love taking my 4 year old so we can pick a film for when his friends come over for a DVD afternoon. It's only once a month but it makes it so exciting for the little lad to know he went to the shop.
It's very sad to see it go. I love taking my 4 year old so we can pick a film for when his friends come over for a DVD afternoon. It's only once a month but it makes it so exciting for the little lad to know he went to the shop. dant40

3:51pm Thu 17 Jan 13

colbart says...

They are still trading their Online business, sales and rentals. I received an email assuring me, DVDs/BluRays and games will still be available. New releases added. Most likely more stocks of all to trade/rent from their Milton Keynes warehouse.
They are still trading their Online business, sales and rentals. I received an email assuring me, DVDs/BluRays and games will still be available. New releases added. Most likely more stocks of all to trade/rent from their Milton Keynes warehouse. colbart

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