Blockbuster collapses into administration
As was the case with HMV after going into administration on Monday, Deloitte has been appointed to take over the running of the firm while it attempts to find a buyer.
Deloitte partners Lee Manning, Matthew David Smith and Neville Kahn have been appointed joint administrators.
Manning, said: “In recent years Blockbuster has faced increased competition from, internet based providers along 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.