The troubled DVD and games rental chain Blockbuster has been bought, saving 2,000 jobs and 264 UK stores.
Administrators from accountants Deloitte said restructuring specialists Gordon Brothers Europe had purchased the company for an undisclosed sum.
Blockbuster collapsed in January amid competition from internet firms and the digital streaming of movies and games.
Joint Administrator Lee Manning, said: "Having identified a profitable core portfolio of stores we are pleased to have achieved this sale for creditors.
"Together with the previously announced store sales more than half of the original estate has been secured for ongoing use.
"This transaction provides Blockbuster a future in the UK and we owe a special vote of thanks to all the company's employees, suppliers and customers for helping us rescue the business."
Commenting on the acquisition, Frank Morton, the CEO of Gordon Brothers Europe, said: "We are delighted to announce the acquisition of Blockbuster.
"We acknowledge the industry is in transition; we know that we have a challenge ahead but there is still a market to be served.
"Blockbuster has a strong brand affinity and we believe that with the right mix of new product offering, new technologies, strategic management and marketing, we can bring new life to this high street staple.
"We look forward to working with employees, suppliers, landlords and other stakeholders to make this happen."
Blockbuster had struggled to adapt to the changing market amid rivalry from internet retailers including Netflix, Amazon's LoveFilm and iTunes, which now offers a movie rental service.
The devastating impact of the internet on Britain's high street had already been laid bare by the demise of camera chain Jessops and electricals group Comet, which also cited competition from online players as a major reason for their decline.
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