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The Irish home entertainment giant Xtravision appears to be having difficulties.
An interim examiner has been appointed to the chain, which has 1300 employees and over 180 outlets across the 32 counties of Ireland.
According to The Examiner, the company is suffering from cashflow issues due to the withdrawal of trade credit facilities combined with falling revenues.
Xtra-vision has been very vocal in recent months about copyright theft and has been pressing the Irish government to enact legislation to deal with illegal downloads of copyright content ie. films
However, in some respects these kind of problems are not that surprising.
In the US the mega-chain Blockbuster, which also had interests in several European markets, got into difficulties and was sold off.
So while video may have killed the radio star, has iTunes and the other streaming services, combined with Amazon, killed off the “traditional” home entertainment market?
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