HMV Set to Be Rescued, But Blockbuster Left Floundering

0
0

When news that HMV was bankrupt and may be closing came to light earlier this week, Facebook and Twitter were awash with eulogies and lamentations for the loss of the media store. When Blockbuster closed there was barely a mention made. And that's the kind of response the industry have given their equal situations.

As the Telegraph reports, HMV have had over 50 parties express interest in all or part of the business to help keep it afloat. In contrast, Blockbuster have had almost no interest from potential buyers, which is understandable given that it's utterly redundant now, all thanks to the likes of LoveFilm and Netflix. However, Morrison's has been keeping an eye on the sites Blockbuster currently inhabits, hoping to turn them into convenience stores of the brand.

Blockbuster seriously missed a trick when they didn't buy LoveFilm when they had the chance, losing it months later to Amazon. HMV's premise, along with its strong online presence still renders it potentially useful and lucrative, unlike Blockbuster. 1000 jobs are set to be lost at Blockbuster and a further few thousand of none of the bids come through for HMV. With Jessops closing earlier this month, it is all a sad indictment of the state of the British economy. 


Contactmusic
0
0
Advertisement

Editors Recommendations

Sony Cancels The Release Of 'The Interview' Amid Hacking Threats

Just a little over a week before its scheduled release date and following apparent...

Sony Cancels The Release Of 'The Interview' Amid Hacking Threats

Madonna's Unfinished New Album Leaks Online

Madonna’s new album has leaked online in an unfinished form. The pop...

Madonna's Unfinished New Album Leaks Online

The 1975 Unveiled As The Hardest Working Band Of 2014

Normally the phrase ‘workmanlike’ is an unflattering adjective to describe...

The 1975 Unveiled As The Hardest Working Band Of 2014

Kasabian Receive Eight NME Awards Nominations

As if we didn’t know it already, it’s been a very good year for Kasabian. In addition to a chart-topping album...

Kasabian Receive Eight NME Awards Nominations

Elton John To Marry Partner David Furnish This Weekend

Sir Elton John is set to marry his partner David Furnish this weekend in England...

Elton John To Marry Partner David Furnish This Weekend

Paul McCartney Reveals He's No Good At Video Games

He was the hero of the 60s and 70s as one quarter of The Beatles and Sir Paul...

Paul McCartney Reveals He's No Good At Video Games

Yes There Were Jewish And LGBT Students At Hogwarts (It's Just The Wiccans Who Were Left Out)

JK Rowling has been delighting loyal Harry Potter fans recently with...

Yes There Were Jewish And LGBT Students At Hogwarts (It's Just The Wiccans Who Were Left Out)

Wolf Alice: The Name That Will Be On Everyone's Lips In 2015

If any band is blowing up in the UK right now, it's London rockers Wolf Alice...

Wolf Alice: The Name That Will Be On Everyone's Lips In 2015

Laura Marling - Short Movie Video

Laura Marling has now launched the title track for her forthcoming new album 'Short Movie' alongside...

Laura Marling - Short Movie Video
Advertisement

Comments

Newsletter

Subscribe to this news alert service to receive news and reviews on

Unsubscribe | Unsubscribe All