Blockbuster goes into administration
Film-rental chain Blockbuster has gone into administration putting 528 stores and 4,190 staff at risk.
Blockbuster has two branches in Plymouth - one in Mutley Plain and Union Street.
Accountants Deloitte will take over the company and continue to operate shops while they try to find a buyer.
The collapse of Blockbuster, hammered by online rental companies such as LoveFilm and Netflix, follows the failure of HMV and Jessops in recent days.
Deloitte spokesman Lee Manning said: "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."