Economy Claims Another Victim: Columbia House Canada Bankrupt - High-Def Digest Forums
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Old 12-12-2010, 09:35 PM
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Default Economy Claims Another Victim: Columbia House Canada Bankrupt

I just checked www.columbiahouse.ca to see what new releases were coming only to be met with a bankruptcy message. Apparently the economy is to blame. A shame for us Canadians who were using this service to get good deals. Does anyone know if this will affect the US version?

From Columbiahouse.ca:
Quote:
December 9, 2010

Dear Customer,

Please be advised that on December 9, 2010, DB Media, DB Media Distribution (Canada) (formerly The Columbia House Company (Canada)) and their related partners (hereafter referred to collectively as “DB Media”) were assigned into bankruptcy in Canada. Alvarez & Marsal Canada Inc. (“A&M Canada”) was appointed Trustee in Bankruptcy (“Trustee”) of DB Media’s estate.

As a consequence of the bankruptcy, we regretfully inform you that DB Media will not be fulfilling any customer orders through its book and DVD clubs as of December 9, 2010 as the Canadian operations have ceased. The bankruptcy of the Canadian operations was taken in response to poor economic conditions.

A&M Canada, serving as Trustee, is now in the process of collecting amounts owed to the book and DVD clubs. If you have an outstanding amount owing to DB Media, we would appreciate immediate payment of your account in full. Should you have questions regarding your account, please contact:

Regarding the DVD Club: 416-299-8181
Regarding the Books Club: 416-977-7891

The Trustee is also in the process of liquidating DB Media’s other assets. Proceeds will be used to reduce the company’s debt.

If you have any additional questions on DB Media’s bankruptcy, please call Nick Macoritto of the Trustee’s office at 416-847-5173. In addition, a website has been set up which will include notices, documents and other updates which may be of interest to you: www.alvarezandmarsal.com/DBMD.

Yours very truly,

ALVAREZ & MARSAL CANADA INC.
Trustee in Bankruptcy of
DB Media Distribution Inc.
DB Media Distribution (Canada)
CH LLC and CH Sub LLC
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Old 12-12-2010, 09:39 PM
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Pshaw, it's not the economy.
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Old 12-12-2010, 09:42 PM
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Probably not. For DVDs their prices were atrocious, but every Blu-Ray was around $18-19. Not too bad considering Best Buy and Future Shop would typically have them at $30-32. People were simply looking elsewhere.

Now, how long until someone claims that it's a sign everyone is moving to digital and no one is buying discs??
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Old 12-13-2010, 01:12 AM
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These were the dvds for 10 cents guys right?
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Old 12-13-2010, 02:22 AM
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Not to mention, these Fckers would send me shit I didn't order, and then CHARGE me for it if I didn't get it back to them within 3 days. I sent them 3 nasty letters telling them not to send me stuff I don't order. And they KEPT doing it!!! Not to mention, they wouldn't even send me Blu-rays! Just DVD's!! I don't even own a single DVD.
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