[url=http://www.thesun.co.uk/sol/homepage/news/4747583/blockbuster-becomes-latest-high-street-collapse.html]Blockbuster[/url]
[quote] The DVD rental chain appointed administrators - blaming the shift to “digital streaming of movies and games”.
The chain has been on the ropes throughout the entire credit crunch but it still runs 528 stores and employs 4,190 staff.
Blockbuster UK’s collapse comes just two days after HMV fell into administration. Jessops died last week.
In all that means 11,000 high street jobs have either gone or are under threat in the space of a week.[/quote]
[url=http://www.thesun.co.uk/sol/homepage/news/money/4746547/Fury-at-gift-card-snub-as-Britains-biggest-music-chain-HMV-collapses.html]HMV[/url]
[quote]Insiders blamed HMV’s bankers, bailed-out Royal Bank of Scotland and Lloyds, for pulling the plug
HMV has been hammered by the rise of the internet and music downloads. Last year digital downloads hit £1billion as CD and DVD sales plummeted.[/quote]
According to the article HMV is the 32nd business to collapse within the last year, I guess we can kiss the high street goodbye.
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1 ReplyGuess I'd better spend my £25 HMV voucher fast.
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2 RepliesI still get most of my games from GAME.
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2 RepliesEdited by TGI Skuldier: 1/16/2013 4:48:19 PMShit that sucks, where are you guys getting your games from?
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Never used blockbusters before so them going out of business won't have any direct effects on me, but HMV going out of business will be a sad day. Such an iconic store and I have always preferred physical copies of music over digital.
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Only a matter of time before all these stores fail. Internet is the way of the future.
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I never used Blockbuster that much, but damn. HMV, noooo :c.
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2 RepliesDidn't Game/GameStation get brought out of bankruptcy last year?