Blockbuster administration - Exmouth store threatened?

16:58 16 January 2013




Blockbuster goes into administration - a victim of the internet business.

MOVIE rental giant Blockbuster UK has gone into administration, it was announced today (Wednesday).

There is no information as yet on how individual stores – including the one in Exmouth - will be affected.

Partners at Deloitte have been appointed as joint administrators to Blockbuster Entertainment Limited and Blockbuster GB Ltd, which who trade as Blockbuster, the DVD and video games rental company.

The company has 528 stores across the UK employing 4,190 staff.

Lee Manning, joint administrator and partner in Deloitte’s Restructuring Services, said in recent years Blockbuster had faced increased competition from the internet with the shift to digital streaming of movies and games.

“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,” he said.

“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.”


Other News Stories


Police are appealing for information after a silver Jaguar car was scratched while parked overnight in Brixington.

Read more
Mark Paver and sister Nikki will be taking on the commando challenge for charity

A Budleigh Salterton man, who suffers pain all over his body, is taking on a gruelling assault course for one last challenge.

Read more

Police are appealing for information following the theft of marine equipment worth £900, between Sunday, August 30, and Saturday, October 3.

Read more
Yesterday, 16:30
Exeter Magistrates' Court

A mother has been banned from driving after she took her 10-year-old twins shopping when she was two-and-a-half times over the drink-drive limit.

Read more
Yesterday, 12:30
DJ's Cafe on the seafront in Exmouth. Ref exe 4318-40-14TI. Picture: Terry Ife

A seafront business owner, who believed he could trade ‘for the foreseeable future’, was shocked to find his café boarded up without warning by district bosses.

Read more
Yesterday, 11:37

A man has been found safe following an overnight search in Exmouth.

Read more
Yesterday, 10:00

A gang of cunning professional thieves has been jailed after a sharp-eyed Exmouth B&Q cashier caught them red-handed.

Read more
Yesterday, 06:30
Crwods gathered to view the Rolle proposal plans at the Ocean suite on Saturday.  Ref exe 2692-41-15SH. Picture: Simon Horn

Hundreds of Exmouth residents have turned out to have their say about the future of the Rolle College site.

Read more
Wed, 16:30
Sue Stoneman at chamber pizza event

Against the backdrop of a stunning blood-red sunset, viewed from the ‘mediterranean’ surroundings of the Ocean Suite, Exmouth Chamber of Commerce held another very successful networking event.

Read more
Wed, 15:55

Firefighters from Exmouth teamed up with the RSPCA to rescue a sick fox trapped beneath a garden shed in Colleton Close.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 10°C

Most Read News

Great British Life

Great British Life

Useful Links

Advertise in the Paper
Submit a Story
Subscriptions Order
Photo Orders
Family notices
Google Plus
Reader Travel

Family Notices 24

Read Online

Read the Exmouth Journal e-edition E-edition

Search for a job in Exmouth

Local business directory

Exmouth's trusted business finder

Find planning applications