This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Labels & Publishers Retail Top Stories
EUK is no more
By CMU Editorial | Published on Friday 12 December 2008
This just in, eUK is to be wound up after administrators Deloitte failed to find a buyer, which is quite an interesting development because I thought the distributor would survive despite the inevitable collapse of the Woolworths retail chain. There was apparently one interested buyer but they’ve pulled out.
I’ve no idea what that means for the supermarkets and record stores who relied on eUK to supply them with CDs and DVDs, though most had already started talking to other suppliers and direct to labels and DVD publishers.
I don’t know what it means either for the major labels who are owed millions by eUK – rumour has it Sony stand to lose £4 million, Universal £13 million and EMI £14 million. Ouch.
