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Suffolk/UK: Blockbuster goes into administration

14:42 16 January 2013

DVD chain Blockbuster has gone into administration

DVD chain Blockbuster has gone into administration

Archant

DVD and video games rental firm Blockbuster has gone into administration, putting more than 4,000 jobs at risk.

The chain, which has 528 stores in the UK – including three in Ipswich and one in Felixstowe, Stowmarket, Lowestoft and Bury St Edmunds – employs 4,190 staff.

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.

It comes after high street store HMV called in the administrators yesterday.

Check this website for details.

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