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The Entertainment Retail Association hopes Blockbuster will re-emerge in some form. The rental giant announced it would go into administration earlier today. ERA’s director general Kim Bayley says the rental giant has suffered due to the rise of online and on-demand rental firms. We are saddened by the news that …
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Blockbuster WILL honour gift cards and credit during administration
Retailer Blockbuster has announced that it will continue to honour gift cards and store credit despite slipping into administration this afternoon. This means gamers who have amassed credit at the store following its increased focus on trade-ins over recent months are not yet being left out of pocket. It will …
Read More »Deloitte focused on "generating as much value as possible" for Blockbuster creditors
In the same week as the UK High Street saw HMV slip into administration, fellow long-term chain Blockbuster has now followed its lead. But whereas HMV bosses remain convinced that they can turn the situation around and save the brand, Blockbuster’s days already seem numbered. In recent years Blockbuster has …
Read More »Blockbuster to appoint administrators
UK entertainment retail is facing another huge blow, with reports that Blockbuster is to enter administration. MCV sources have informed us that management had already been planning to shut in the region of 150 UK stores over the next six months. The retailer is understood to be sitting on significant …
Read More »Square Enix and Microsoft toast chart triumphs
Square Enix and Microsoft are delighted by their success at UK retail last year. Square Enix told MCV last year that Hitman Absolution would be a Top Five game of 2012 and the firm delivered on that, with its stealth shooter reaching No.5. The firm also had the top selling …
Read More »Angry granddad takes games from HMV store after his vouchers were refused
An enraged grandfather yesterday stormed out of a Dublin HMV store with three games in hand after staff refused to accept his voucher. The Irish Independent reports that Eric Nolan purchased a €40 HMV voucher for his grandson for Christmas and was attempting to spend it on three games. However, …
Read More »Buyers eye Gamerbase swoop should HMV fall
HMV’s Gamerbase concessions could be rescued even if the retail giant closes. The tournament zones – which can be found located besides HMV stores in London, Manchester, Glasgow or Edinburgh – has already attracted attention from at least one prospective buyer, MCV has been told. Although no official approach has …
Read More »HMV demise could kill 4% of games market; High Street entertainment share would plummet
The cost to the UK video games market should HMV fail to find a buyer could be as little as four per cent. That’s thanks to HMV’s relatively small share of the UK games market. Nonetheless, its demise would theoretically leave the High Street with just a 16 per cent …
Read More »Deloitte warns of tough market as it is officially appointed HMV administrator
HMV boss Trevor Moore may have delivered an upbeat message to journalists yesterday, but administrator Deloitte has warned that it’s a tough market for entertainment retailers at the moment. The retailer is burdened by around 200m of debt and still seems to be appealing to the goodwill of suppliers in …
Read More »The Walking Dead gets physical release on Flipkart
Telltale Games’ episodic adventure game The Walking Dead was the surprise hit of 2012, picking up several game of the year awards, and if you weren’t too keen on a digital purchase, you can now buy it on disc in India. The PS3 version of The Walking Dead is now …
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