BlockBusted, Blockbuster Goes Into Administration

Blockbuster have also been in the news this week as they have followed suit and also have gone into administration. Blockbusters UK arm of the company is the second major media outlet this week to go into administration and has put around 4000 jobs on the line because of this. The company said that this was mainly due to the upcoming rise of the digital distribution services such as netflix that can not only get the films to the customer instantly but also deliver more niche products directly to the customer as well.