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Jobs at risk but fight is on to save Blockbuster

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NOTTS jobs are at risk after the Blockbuster chain – which rents out DVDs and video games – called in administrators from Deloitte.

The chain, which employs 4,000 people at 528 stores, is the latest high-profile retailer to hit trouble.

It has nine stores in Notts, at Arnold, Eastwood, Long Eaton, Carlton Hill, Sherwood, West Bridgford, Lenton Boulevard, Mansfield and Newark.

The stores are continuing to trade as the administrators try to find a buyer.

The news follows administrators being called in to HMV earlier this week, and the collapse of the Jessops photo chain. Blockbuster has been hit by trends towards downloading and streaming of DVDs and games, but Deloitte says the core business is profitable.

Richard Phipps, 46, who used to run film club Nottingham Moviemakers until 2011, said: "Everything has become more digital now. People are just not as likely to go out and rent a film, they can download it instead."

Lee Manning, joint administrator and Deloitte partner, said: "In recent years, Blockbuster has faced increased competition from internet-based providers along with the shift to digital streaming of movies and games.

"We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.

"The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern. During this time, gift cards and credit acquired through Blockbuster's trade-in scheme will be honoured towards the purchase of goods."


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