VG247

Deloitte has confirmed 160 Blockbuster stores will be closed as part of the administration process announced earlier this week

Joint administrator Deloitte confirmed to MCV the closure of and additional 129 stores along withe the previously announced closure of 31 locations.

The reduce the number of locations to 368, cutting the workforce by 30%. Stores affected will be hosting sales to help relieve the chain of inventory while Deloitte tries to find a buyer for the chain.

“The Joint Administrators continue to review the profitability of the store portfolio and announcements of further closures may be made in coming weeks,” the firm said, adding it that an Employee Assistance Program has been set up to help those affected find new work.

Before going into administration, Blockbuster executives had already planned to shutter some stores to help curb financial woes, but ran out of time before the plan could be executed.

Not even sure where there is a Blockbuster in Austin, Texas anymore... I gave up on them years ago. Redbox and Netflix are just too much. They tried to change but the change was too late.  Goodbye Blockbuster you deserved it considering your past late fees and overpriced rentals.

http://www.theonion.com/video/historic-blockbuster-store-offers-glimpse-of-how-m,14233/


Who still shops at blockbuster?

I thought they vanished awhile ago. Not surprising...

We're going to see a Bankruptcy soon. I doubt anyone will buy them, unless Redbox wants the rest of their DVD rental machines.

http://latimesblogs.latimes.com/entertainmentnewsbuzz/2010/09/blockbuster-files-for-chapter-11-bankruptcy-sets-plan-to-reorganize.html

I'm calling a total fallout. They can't last all that long.

Blockbuster stores still exist?

Yeah. I thought they where gone already. Especially after that whole south park joke episode on blockbuster.

Well there are quite a lot of stores in UK, am I right to guess that they would be affected to? Or is this limited to just the US ones? Since I distinctly remember someone mentioning to me that the UK and US ones were different entities in their own right.

I bought a copy of "The Movies: Stunts & Effects" from a bargain bin in Blockbuster for 99p, sealed. I sold it on Amazon a couple of days later for £25.

I shall miss you, Blockbuster.