MI2N
Music Industry News Network
SUNDAY, APRIL 20TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 01-20-2013

The Entertainment Retailers Association Statement On HMV

Bookmark and Share
Director General Kim Bayley said: "No one can say this is a surprise, but it is still a shock. HMV has been part of the fabric of the music and entertainment business for decades. But there are signs that this may not be the end of the story.

"It would be wrong to underestimate the affection which HMV is held by consumers and the determination of music and video companies to see HMV survive in some form.

"We know there is consumer demand - in a poll last year HMV was ranked in the Top 10 of the stores people most want to see on their High Street. Data suggests they generated 170 million in-store visits last year and another 40 million online.

"At the same time both music and video companies are painfully aware of the consequences of losing a retailer responsible for around a quarter of UK physical music and video sales. We have to hope they will not stand by and watch HMV go down.

"There has been much misinformation published in the past 24 hours about the relative strength of physical and digital entertainment formats. Physical formats like CDs and DVDs still account for three quarters of the entertainment market. In other words HMV going from the high street is in the interests neither of consumers nor of suppliers.

"For their part, our members - although competitors of HMV - have been quick to express their support.

"We believe it is possible for the administrators to rescue something out of this situation. There is a precedent that you can streamline your costs and in particular the number of stores a chain trades from and still retain the bulk of sales - that's precisely what happened with Game.

"There is clearly is a viable business model for an entertainment retailer on the UK High Street. It is up to the administrators now to do their job and take the steps necessary to make it possible."


Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

The Philadelphia Orchestra In Shanghai - A Live Concert Streamed Globally

Taiwan Rock Band Io Homecoming Concert At Canadian Music Festival

A Festival Giving Back To The Men And Women Who Gave To Us

Rapper NazB Brings Greater Awareness Through His Lyrics On "Rape (Shame)"

Taiwan Announces First Ever Export Mission To Canada For Canadian Music Week 2014

Al Ca$ino, Too $hort, And Clyde Carson Drop Remixes For Hit Single, "Only For Tonight"

Dongless Eventide H3000 Factory And Blackhole Update Posted

Former Journey Frontman Robert Fleischman Releases New Album "Majestic" With Band The SKY On Skyzilla Music

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


News Headlines
Mi2N EDITOR'S PICKS
» New Research Shows How Online Retailers Can Tackle Music Piracy
» Fender Audio Adds New Portable Audio Systems To Popular Passport Line
» Record Labels Sue Megaupload For Massive Copyright Theft
» Coldrain Sign To Hopeless Records
» The Internet Radio Revolution Has Arrived
» Erin Moore Named As New Executive Director At Astoria Performing Arts Center
» National Music Organizations Join Voices To Oppose Cuts To VSB Music Programs
» Wooozy Offline #2: Bok Bok
» First Audio/Video Release In Ancient Future History Drops On Earth Day
» The Smashing Pumpkins Sign Artist Services Deal With BMG


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» Tortoise China Tour - Beijing
» Wooozy Offline #2: Bok Bok
» The Philadelphia Orchestra In Shanghai - A Live Concert Streamed Globally
» Taiwan Bands Join Canadian Music Festival (Chinese Version)
» MusicDish & Indiloop Present: The "Meet Taiwan" Remix Contest
» Pairs (Shanghai) New Album 'Brief Lesbian'
» Beijing Solo Acts GUIGUISUISUI And Thruoutin To Tour Taiwan
» A Festival Giving Back To The Men And Women Who Gave To Us
» Executive Wach: Berklee College Of Music, BMG, SOCAN, SESAC, Riptide Music Group, CISAC
» Taiwan Announces First Ever Export Mission To Canada For Canadian Music Week 2014
» Interview With C-pop Industry Veteran Billy Koh
» Taiwan's DJ Code To Play The LV Flagship Hong Kong Store In April

Order an Mi2N Music PR package for an opportunity to submit a song for FREE to one of the hundreds of industry opportunities available through Music Xray


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2014 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.