MCV/DEVELOP News, events, research and jobs from the games industry
The UK arm of rental chain Blockbuster has announced that as of today members of its Unlimited Rental Plan can now rent games at no additional charge. The company’s website has already been updated to include games on its online rental selection page alongside movies. Unlimited Rental Plans start at …
Read More »US satellite giant buys Blockbuster
Dish Network has bought Blockbuster in a $320m deal. The second-largest satellite TV company in the US snapped the company up through a bankruptcy auction, beating competition from Carl Icahn and a group od debtholders. The transaction still needs to be approved by a bankruptcy court however. Dish Network’s EVP …
Read More »Amazon to bid for Blockbuster?
Amazon and Best Buy have been listed amongst companies that could bid for bankrupt Blockbuster. The firm announced late last month that it was going up for auction following a ‘stalking horse’ offer of $290m by an investor group of lendors. And now the firm has submitted a list of …
Read More »UK chief optimistic over Blockbuster sale
Blockbuster UK boss Martin Higgins hopes the sale of the firm will end the media circus surrounding the retail giant’s future. The US parent company – which filed for Chapter 11 bankruptcy in September last year – has accepted a bid of $290m from Cobalt Video Holdco. The retailer and …
Read More »Blockbuster up for auction
US entertainment chain Blockbuster has reportedly agreed to sell itself to consortium Cobalt Video Holdco, though its future as a business remains very much open to speculation. The deal is believed to be worth $290m. Blockbuster has asked permission from the New York courts to hold an auction for itself …
Read More »Blockbuster sells GT5 for 99p
After five long years, Gran Turismo fans will be able to pick up the eagerly awaited fifth instalment in the racing series for just under a quid. Blockbuster is offering GT5 for a shockingly low 99p if gamers trade in any two titles from a select range of games. They …
Read More »Blockbuster back on the offensive
After the most traumatic year in the chain’s history, rental and entertainment retailer Blockbuster is bursting back into life in the US with its first nationwide advertising campaign since 2007. In September of this year Blockbuster’s long and drawn out decent into bankruptcy was finally confirmed. The deal it eventually …
Read More »ANALYSIS: The future of Blockbuster UK
As Premier League football clubs prove on a yearly basis, having a lot of debt doesn’t necessarily mean you are a bad business. Take Manchester United, it reportedly owes around 520m, but it still attracts over 75,000 fans a week, has a wealth of high profile assets and is regarded …
Read More »Blockbuster UK comes out fighting
Blockbuster UK is on the offensive following the Chapter 11 bankruptcy of its US parent. The company says it is unaffected by the development and has revealed to MCV its business plan for the next five years, which includes selling TVs and relocating stores. The firm’s commercial chief Gerry Butler …
Read More »Blockbuster files for bankruptcy
As predicted last month, after a prolonged period of uncertainty US rental firm Blockbuster has finally filed for bankruptcy protection. The BBC reports that the agreement it has struck with creditors will see its debts effectively cut from $1bn to around $100m. Its 3,000 US stores will continue trading while …
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