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January 16, 2013 02:45 pm EST
Original Link: http://www.engadget.com/2013/01/16/blockbuster-uk-administration/
Blockbuster's UK video rental chain goes into administration after 24 years
BBC News is reporting that there's another casualty on the British high street today as video rental chain Blockbuster enters administration. The company began life in the motherland back in March 1989 and, like several of its brethren, couldn't compete against online offerings from Amazon (amongst others). It's the second business in 48 hours to go under after HMV did the same yesterday. BBC News is also reporting that administrators Deloitte will continue to honor gift cards and will keep the stores trading in the hope of finding a buyer.
Filed under: Misc, Home Entertainment, HD
Original Link: http://www.engadget.com/2013/01/16/blockbuster-uk-administration/
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Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget