Blockbuster is to go into administration again this year after seeing poor retail and rental sales.

Blockbuster, which had originally fallen into administration in January, was acquired by private equity firm Gordon Brothers Europe in a deal which saved over 2,000 jobs and 264 stores.

Frank Morton, chief executive of Gordon Brothers Europe, said: "Since the acquisition we have worked extremely hard to reignite the Blockbuster brand, make our investment work and put the business on a viable footing.

“Despite our best efforts, we regret that we are now forced to make some redundancies and would like to thank any affected employees for their support during the last six months.”

32 jobs are to be cut at Blockbuster’s UK head office with immediate effect but the retailer's stores will remain open while a buyer is sought for the business.