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Go Back   Blu-ray Forum > Movies > Blu-ray Movies - International > United Kingdom and Ireland

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Old 05-31-2023, 06:01 PM   #4801
dr727 dr727 is offline
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Am I having a nightmare? Is it April 1st? How can this be true, my beloved Network?

Thank for all that you were able to release--easily one of my favorite labels and one that I've ordered the most from over the years, from simple yet brilliant British Film releases to extravagant Anderson & ITC box sets.

And yes, wishing everyone involved all the best--hoping this didn't come as much of a shock to them as it did us and they had proper time to emotionally prepare (as much as one can in these situations).

...I just never imagined a world where reliable, trusty, good ol' Network would be gone.
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Old 05-31-2023, 06:05 PM   #4802
dr727 dr727 is offline
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Quote:
Originally Posted by fatboyslim142 View Post
What is going to happen to the stock that is currently sitting in their warehouse?
According to what I skimmed, liquidation in the UK is like the USA in that any existing assets are used to pay remaining debts with creditors. This could mean the remaining stock is sold (at great reduction) to the highest bidder (i.e. the UK equivalent of Hamilton Books)--or if we're lucky, it could mean that an outside firm might be brought into to oversee a "fire sale" the remaining product to the public, similar to what happened with Twilight and their liquidation sale a few years ago.
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Old 05-31-2023, 06:10 PM   #4803
thebrid thebrid is offline
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Their Crossroads, Streaming and Support sites are still up

Last edited by thebrid; 05-31-2023 at 06:16 PM.
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Old 05-31-2023, 06:11 PM   #4804
fatboyslim142 fatboyslim142 is offline
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Quote:
Originally Posted by dr727 View Post
According to what I skimmed, liquidation in the UK is like the USA in that any existing assets are used to pay remaining debts with creditors. This could mean the remaining stock is sold (at great reduction) to the highest bidder (i.e. the UK equivalent of Hamilton Books)--or if we're lucky, it could mean that an outside firm might be brought into to oversee a "fire sale" the remaining product to the public, similar to what happened with Twilight and their liquidation sale a few years ago.
Thanks. Hopefully someone can bring Network back similar to Twilight Time in the US.
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Old 05-31-2023, 06:13 PM   #4805
drush9999 drush9999 is offline
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Quote:
Originally Posted by grahams76 View Post
Tantrum time. FFS! So The Sweeney is likely to never happen.
Was just thinking the same
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Old 05-31-2023, 06:14 PM   #4806
dr727 dr727 is offline
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Quote:
Originally Posted by fatboyslim142 View Post
Thanks. Hopefully someone can bring Network back similar to Twilight Time in the US.
Agreed! Seeing as Network was founded/operated by ITC enthusiasts, ideally someone similarly passionate with the resources could buy the branding & assets and revive the company. (It's a long-shot but we can hope!)
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Old 05-31-2023, 06:16 PM   #4807
harry o harry o is offline
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What about pre orders I wonder ?
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Old 05-31-2023, 06:19 PM   #4808
dublinbluray108 dublinbluray108 is offline
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Ah no way. I am really sad to hear this about news.

If I had the money; I would have wanted to buy the complete series blu-ray box-sets of Stingray and Black Beauty in the near future. I'm devastated that this Network is not going to be here with us anymore.
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Old 05-31-2023, 06:22 PM   #4809
fatboyslim142 fatboyslim142 is offline
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Quote:
Originally Posted by dr727 View Post
Agreed! Seeing as Network was founded/operated by ITC enthusiasts, ideally someone similarly passionate with the resources could buy the branding & assets and revive the company. (It's a long-shot but we can hope!)
Several could go in together & raise it from the dead so to speak.

I'm assuming stock in shops will still be sold in shops/online etc & any proceeds go to the creditors.
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Old 05-31-2023, 06:43 PM   #4810
pnaschy pnaschy is online now
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Really sad news I hope somehow a rescue happens.
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Old 05-31-2023, 06:46 PM   #4811
GlacierTuba GlacierTuba is offline
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Website domain has been suspended too. Doesn't look good.

That's a real shame. Hoping the folks affected by job losses will be OK.

Nothing on Companies House yet:

https://find-and-update.company-info...mpany/01476436

Last edited by GlacierTuba; 05-31-2023 at 06:51 PM.
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Old 05-31-2023, 06:47 PM   #4812
dr727 dr727 is offline
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Confirmation from the official Gerry Anderson account . . .

Quote:
Thank you for everything, @networktweets. Anderfans all over the world have a lot to be grateful for. Our thoughts are with everyone affected by the closure of Network Distributing.


It definitely feels real now. Such a bummer!
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Old 05-31-2023, 06:49 PM   #4813
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A great shame, not a total surprise as their output wasn't as prolific recently, i picked up their OUT blu ray the other week. The fairly constant sales were no doubt a way to try and get funds in to keep going and obviously not sustainable long term.
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Old 05-31-2023, 06:54 PM   #4814
GreatUncleBaal GreatUncleBaal is offline
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Quote:
Originally Posted by dr727 View Post
According to what I skimmed, liquidation in the UK is like the USA in that any existing assets are used to pay remaining debts with creditors. This could mean the remaining stock is sold (at great reduction) to the highest bidder (i.e. the UK equivalent of Hamilton Books)--or if we're lucky, it could mean that an outside firm might be brought into to oversee a "fire sale" the remaining product to the public, similar to what happened with Twilight and their liquidation sale a few years ago.
I think Zoom and a few other online stores around the time,
came into being because of these liquidation sales.
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Old 05-31-2023, 06:54 PM   #4815
darrellmaclaine darrellmaclaine is online now
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Quote:
Originally Posted by harry o View Post
What about pre orders I wonder ?
If you paid by PayPal, put in a claim ASAP, you might just have a chance (though not guaranteed).

If you paid by card, you will have to formally register as a creditor and frankly even if you do it's a long shot you'll get your money back as you will be at the very back of the queue.

That's the harsh reality of UK liquidation process.
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Old 05-31-2023, 06:59 PM   #4816
darrellmaclaine darrellmaclaine is online now
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Quote:
Originally Posted by dr727 View Post
According to what I skimmed, liquidation in the UK is like the USA in that any existing assets are used to pay remaining debts with creditors. This could mean the remaining stock is sold (at great reduction) to the highest bidder (i.e. the UK equivalent of Hamilton Books)--or if we're lucky, it could mean that an outside firm might be brought into to oversee a "fire sale" the remaining product to the public, similar to what happened with Twilight and their liquidation sale a few years ago.
The biggest example of this to date is when Woolworths went bust in 2008, a large amount of 2|entertain DVD stock was seized from the warehouse by the liquidators, who then sold it via auction to MBL Group. Something similar will happen with Network's warehouse - a likely candidate for buying it up might be MusicMagpie.
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Old 05-31-2023, 07:22 PM   #4817
pnaschy pnaschy is online now
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Quote:
Originally Posted by darrellmaclaine View Post
If you paid by PayPal, put in a claim ASAP, you might just have a chance (though not guaranteed).

If you paid by card, you will have to formally register as a creditor and frankly even if you do it's a long shot you'll get your money back as you will be at the very back of the queue.

That's the harsh reality of UK liquidation process.
If you have paid by card you can claim back off your credit card company under section 75 of the Consumer Credit Act anything between 100 and 30,000.
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Old 05-31-2023, 07:23 PM   #4818
GlacierTuba GlacierTuba is offline
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Massive shame for Network, the late founder's legacy, boutique labels, physical media and all the staff that are now out of a job.

Hopefully a label out there might forge a rescue mission to buy up any licenses available or transfer ownership if it's economically salvageable / in a state worth reviving? Someone like Powerhouse / Limewood would be ideal. Or ITV or even Studio Canal?

Really gutted at their demise. One of the great boutiques.
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Old 05-31-2023, 07:32 PM   #4819
MillyD MillyD is offline
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Me too, glad got Out and other limited editions so did my bit to keep in buisness, although must admit was partial to the sales too.
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Old 05-31-2023, 07:37 PM   #4820
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Very saddened by this news. I was just browsing their website, tempted to purchase some random British TV from the 60's. Their Monty Python's Flying Circus and The Prisoner sets were exhaustive and loving treatments of the classic series. (And I was just wondering when they were going to release the Monty Python German episodes...guess I have my answer now.)
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