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-   -   Blockbuster goes into administration (http://forums.digitalspy.co.uk/showthread.php?t=1785437)

Simon Reynolds 16-01-2013 15:23

Blockbuster goes into administration
 
Sad news :(

What do you think about Blockbuster going into administration?

http://www.digitalspy.co.uk/movies/n...hink-poll.html

Theo_Bear 16-01-2013 15:27

Absolute shocker. Even with all that's been going on in the last few weeks, I didn't see that coming.

That said, my quite large local Blockbuster shut down about 6 months ago. There was never anyone in there. It was always boiling hot and stank of BO. Blu-ray prices were a joke.

grimtales1 16-01-2013 15:34

:(
First HMV and now this, I didnt see this one coming.

stud u like 16-01-2013 15:37

I am surprised they lasted this long. A dinosaur of a business model which failed to adapt to modern living.

EVILSPEAK 16-01-2013 15:41

No surprise, places like that have had their day. Why travel to Blockbusters to rent a film out, and then travel back the following day to return it, when you can watch new releases though Virgin/Sky/BT etc for the same price as a rental and all at the push of a button. Good riddance to them.

rachelright 16-01-2013 15:44

I thought they already had gone into administration years ago, as I noticed less and less blockbusters around my area well it seemed like there was less

Bluray 16-01-2013 15:59

Quote:

Originally Posted by EVILSPEAK (Post 63618957)
No surprise, places like that have had their day. Why travel to Blockbusters to rent a film out, and then travel back the following day to return it, when you can watch new releases though Virgin/Sky/BT etc for the same price as a rental and all at the push of a button. Good riddance to them.

Bit harsh. Isn't "good riddance" used when you're happy to see the back of something?
Had Blockbuster hurt or harmed you in any way?

alcockell 16-01-2013 16:03

Good thing I signed up to Netflix and Blinkbox then... and just jacked up my broadband to Business Gold.. (fully unlimited)

InMyArms 16-01-2013 16:18

If a business can't keep up with modern lifestyles and needs, then it deserves to go bust.

wiseguy100 16-01-2013 16:23

Quote:

Originally Posted by InMyArms (Post 63619598)
If a business can't keep up with modern lifestyles and needs, then it deserves to go bust.

What a stupid thing to say. So in your opinion Past Times should go bust then?

1andrew1 16-01-2013 16:26

Wonder who will buy it? Maybe Tesco, they could use it to replace their DVD rental sevice currently operated by LoveFiLM and rebrand BlinkBox to Blockbuster. Some of the stores could be taken up by their associated coffee chain company Harris & Hoole too.

1andrew1 16-01-2013 16:31

Quote:

Originally Posted by wiseguy100 (Post 63619698)
What a stupid thing to say. So in your opinion Past Times should go bust then?

As if that should ever happen! Hold on,,,,

Section9 16-01-2013 16:35

I haven't used Blockbusters in years but it's a shame to see them go. I remember, particularly during my secondary school days, renting out many a movie and game from them.

Though, I seem to recall talk of them being in trouble a while ago? Or was that in the USA?

Takae 16-01-2013 17:22

Not surprising as Blockbusters almost went into administration over ten years ago. There was a lot fewer branches since then. I'm surprised it's still around, though.

Supercell 16-01-2013 17:24

Their online shop had been very cheap recently so I had been buying from them rather than other retailers...must have been out for a last grab of money!

lux lisbon 2 16-01-2013 17:52

The usual staples of the high street like the record chains and video (of course dvd/blu-ray) shops have all but vanished, part of me feels really sad about that, the shops that provided our childhood haunts and memories are fast disappearing...

mickmars 16-01-2013 17:54

Quote:

Originally Posted by Section9 (Post 63619937)
I haven't used Blockbusters in years but it's a shame to see them go. I remember, particularly during my secondary school days, renting out many a movie and game from them.

Though, I seem to recall talk of them being in trouble a while ago? Or was that in the USA?

Blockbuster Canada went about a year ago,but not the USA

grimtales1 16-01-2013 17:57

About 14-15 years ago I had first discovered Jackie Chan movies, so used to rent more than a few HK movies from them. :)

DarthFader 16-01-2013 18:36

Nice to see they are still accepting their vouchers and points on reward cards, I wonder how they can when Comet, HMV and Jessops did not?



PJ

Ethel_Fred 16-01-2013 19:31

Quote:

Originally Posted by stud u like (Post 63618903)
I am surprised they lasted this long. A dinosaur of a business model which failed to adapt to modern living.

Apparently a part of their business was still profitable - and they have cash in the bank. They've chosen administration as it's a cheaper way of restructuring (ie closing shops) than doing it any other way.

AndyLouPandy 16-01-2013 19:53

Quote:

Originally Posted by EVILSPEAK (Post 63618957)
No surprise, places like that have had their day. Why travel to Blockbusters to rent a film out, and then travel back the following day to return it, when you can watch new releases though Virgin/Sky/BT etc for the same price as a rental and all at the push of a button. Good riddance to them.

So I and close to 4000 other workers may be out of a job...yeah its really good riddance.......

-GONZO- 16-01-2013 20:06

Back in the VHS days, I was always going to Blockbuster.
I am surprised they lasted this long though as their fate was pretty much doomed as soon as the gap between rental and buying became nonexistent.

Karis 16-01-2013 20:25

Quote:

Originally Posted by Ethel_Fred (Post 63624029)
Apparently a part of their business was still profitable - and they have cash in the bank. They've chosen administration as it's a cheaper way of restructuring (ie closing shops) than doing it any other way.

I heard today they don't use "credit" so they don't actually owe much in terms of stock, etc.

It's just a losing game, though...

ironjade 16-01-2013 20:42

I didn't know they were still in business. Never been in one as I recall (except perhaps as a mystery shopper).

UltraViolet 16-01-2013 23:03

Will this cause anything to happen to their online rental service? I'm on that at the moment because there is no film rental near me and really don't want to go back to lovefilm.


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