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1/16/2013 4:36:32 PM
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British Media shops collapsing, HMV and Blockbuster after GAME + 29 more

[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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