Tag Archives: Deloitte

HMV will reportedly meet with UK game publishers this week, in a bid to secure a place for gaming in the retailer’s revised strategy. It comes after HMV administrators Deloitte made most of the company’s game arm redundant, casting doubt on the matter.

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Deloitte has completed the sale of Blockbuster UK to Gordon Brothers Europe. The firm purchased the brand license, 264 stores, and the 2,000 jobs which came with the buy. “Having identified a profitable core portfolio of stores we are pleased to have achieved this sale for creditors,” joint administrator Lee Manning stated. “Together with the previously announced store sales more than half of the original estate has been secured for ongoing use. This transaction provides Blockbuster a future in the UK.” The amount paid for the chain was not disclosed. Thanks, MCV.

UK supermarket chain ASDA is rumoured to be in talks with HMV administrators Deloitte to put in a bid for the troubled games, music and movies retailer.

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HMV and administrators Deloitte have today announced that they close another 37 stores amid efforts to restructure the business.

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HMV’s restructuring with administrators Deloitte has seen its games division whittled down to just two games buyers. The group’s recent round of lay-offs and store closures suggests a severe down-sizing of HMV’s games business.

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Blockbuster has announced the closure of 164 more UK stores, brining its entire tally to 324. The movie and game rental chain has handed the keys over to administrators Deloitte, which is now trimming the fat.

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HMV has confirmed it will close 66 UK stores, and has published a full list of sites to be shuttered over the next six weeks.

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HMV is expected to announce that it will shutter 66 stores across the UK in the next six weeks. An official statement is to be expected later today.

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HMV’s administrator Deloitte is said to be closing 100 UK stores amid a phase of restructuring the business. If true, the move would result in the loss of some 1,500 jobs.

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Administrators are to auction off 1.1 million games accrued as part of distributor EUK’s demise this week, MCV reports.

Burn-firm Deloitte is reportedly accepting tender offers for the outstanding warehouse stock, which also includes 2.9 million CDs and 1.8 million books.

An anonymous publisher told the site, “We should be fine, but I worry about other suppliers and their right of ownership to this stock.

“It all depends on the deal they had with EUK before they went under.”

More through there.

GI writes that a Deloitte survey has unearthed that the average UK household plays over six hours of videogames each week.

“Gaming has been traditionally frowned upon by parents. However it is now considered ‘family time’ for many people aged between 26 and 42,” said Jolyon Barker, head of technology, media and telecoms at Deloitte.

“Although interest declines after the age of 40 this could change as a generation of gamers grows up.”

More through the link.

By Mike Bowden