October 29, 2013 Last Updated 11:26 am

Blockbuster UK to declare bankruptcy for second time in 10 months

The movie rental business is apparently no better in the UK than it is in the US, as Reuters is reporting that the Blockbuster chain will once gain go into administration, as they like to call it across the pond. This is the second time in 10 months that the chain has filed for bankruptcy protection.

BlockbusterUK-logo-sm“Regrettably, the months since the acquisition have also coincided with a period of poor trading performance across both rental and retail sales,” Gordon Brothers Europe said in a statement.

“The company also tried to develop a new digital platform but was unable to broker a licensing deal with Blockbuster UK’s parent company in the US.”

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