Editor’s note: Derek Khanna is a technology policy consultant and columnist. He previously worked for the House Republican Study Committee where he authored their report on copyright reform. He spearheaded the national campaign on cellphone unlocking that resulted in proposed legislation to legalize unlocking your phone. Derek regularly writes for The Atlantic, National Review and Forbes. Follow him on Twitter
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Blockbuster's fate may already be sealed in the US, but there was hope that its UK brand might lead itself out of the darkness. Today, administrators in control of the movie rental chain dealt it a killer blow, announcing the closure of its remaining 91 UK stores by December 16th, resulting in the loss of 808 jobs. Having already shuttered its online business following increased competition from streaming services like Netflix and Amazon's Lovefilm, Blockbuster's UK administrators hoped to find a buyer before reaching the decision to close the remaining stores. Remaining stock will be reduced by up to 90 percent in an attempt to sell it all before December 15th, so do head to your nearest (open) store, indulge in a bit of nostalgia and grab yourself a bargain before Blockbuster closes its doors for the final time.
