MCV/DEVELOP News, events, research and jobs from the games industry
Troubled retailer Blockbuster has confirmed that it will not be honouring PS4 or Xbox One pre-orders. The chain announced its intention to re-enter administration earlier today. It has this afternoon been asked a number of times on Twitter about next-gen console pre-orders, to which it has been replying: We are …
Read More »All 264 Blockbuster stores to continue trading as buyer is sought
Blockbuster has said that all of its 264 UK stores will continue trading for the time being while a buyer for the chain is sought. However, 32 redundancies have already been made from its UK head office. It was announced just moments ago that Blockbuster UK is to enter administration …
Read More »Blockbuster to re-enter administration
Entertainment retailer Blockbuster is to enter administration for the second time in the UK. Current owner Gordon Brothers says the move arrives on the back of what it describes as poor trading” in the UK. The chain first entered administration back in January, threatening its 528 stores and 4,190 workers. …
Read More »Zattikka has officially entered administration
Zattikka has entered administration after struggling to pay off its debts. Last month the firm revealed it was struggling to meet a loan payment of 275,000 to developer Hattrick, and was given a deadline of August 2nd to make the payment. As a result of some subsequent the sales the …
Read More »Zattikka faces possible administration
Online games firm Zattikka could go into administration next month as it struggles to make a loan payment of 275,000. The company revealed on July 9th that it was due to pay the interest, but it has still failed to make the payment. Zattikka-owned developer Hattrick, which is owed the …
Read More »Blockbuster sale agreed; 264 stores and 2,000 jobs saved
Deloitte has confirmed that it has completed the sale of Blockbuster for an undisclosed sum. Buyers Gordon Brothers Europe have acquired 264 stores, saving around 2,000 jobs in the process. The Blockbuster brand license has been retained as part of the deal. Having identified a profitable core portfolio of stores …
Read More »More store closures expected at Blockbuster
Administrator Deloitte has confirmed to MCV that there will be further closures at Blockbuser stores UK. MCV contacted the firm after rumours suggested that all of the rental chain’s outlets would be closed by the end of March, but Deloitte stated that this was not the case. Instead, planned stores …
Read More »Morrisons acquires 49 Blockbuster stores
Supermarket chain Morrisons will acquire 49 stores from troubled retailer Blockbuster, it has been confirmed. It will use the new locations to widen its network of Morrisons Local stores, creating around 1,000 jobs in the process. The first outlets are expected to open in the summer, the bulk of which …
Read More »Blockbuster administrator: "We are fighting in the trenches"
The lead administrator at Blockbuster has issues a grave warning to workers at the retailer. Lee Manning told The Telegraph that 160 Blockbuster stores are likely to close in the near future, threatening 1,000 jobs. Blockbuster operated over 500 stores in the UK although over 100 have closed since administration …
Read More »HMV cuts 190 jobs including Ian Kenyon, Ewan Pinder; Twitter account vents frustration
Around 60 staff at HMV have just been told that they have lost their jobs. The news comes from HMV’s head of technology and games Ewan Pinder, who is amongst the casualties. The last two years at HMV have been a blast,” he said on Twitter. Now to the future!! …
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