HMV Group

  1. The Fall of HMV: U.K. Music Execs Debate What Went Wrong, What's Next

    January 27, 2013 3:30 PM EST The January 14 announcement that HMV, the U.K.’s leading entertainment retailer, had entered administration was not unexpected -- having long struggled with year-on-year declines in sales and mounting debts -- but its fallout still has serious r ...

  2. Hilco Buys HMV Debt, Gains Control of Struggling UK Music Retailer

    January 22, 2013 2:41 PM EST Hilco U.K. has acquired HMV's debt, effectively placing the retail restructuring group in control of the troubled U.K. retailer, according to reports. Although Hilco does not yet officially own HMV, the debt deal gives it effective control of ...

  3. HMV to Go Into Administration: Reports

    January 14, 2013 4:56 PM EST HMV will be going into administration tomorrow, after failing in efforts to secure a £300 million in financing to pay off bank debt and restructure. Deloitte will be the troubled retailer's administrator, according to multiple reports, includ ...

  4. Apollo Global Management Invests In HMV, Eyes Possible Takeover: Report

    December 17, 2012 9:57 AM EST New York-based investment group Apollo Global Management has bought a 10% holding in struggling U.K. music retailer HMV, with a possible view to acquiring the company, according to reports. . Apollo Global Management -- commonly referred to as a v ...

  5. Morning Fix: '12-12-12' Concert Raised $36 Mil. Before Show; Warner's 4Q Results; Skrillex's New Imprint

    December 13, 2012 8:55 AM EST Head HERE to subscribe to Billboard's free daily Morning Fix email and our other free music-business newsletters 12-12-12 SANDY BENEFIT CONCERT ROCKS WITH "LOCALS" ROLLING STONES, PAUL MCCARTNEY AND A REUNITED NIRVANA: Musicians clo ...

  6. Morning Fix: Billboard Women In Music Honorees; HMV Sells Mama Group; Zep Honored by Obama; iTunes Coming to Russia?

    December 03, 2012 8:30 AM EST Head HERE to subscribe to Billboard's Morning Fix email and our other free music-business newsletters BILLBOARD ANNOUNCES 2012 WOMEN IN MUSIC HONOREES: Billboard announced its Women in Music honorees, which recognizes achievement, talent and ...

  7. HMV, UK's Largest Entertainment Retailer, Reports Loss For Fiscal Year

    August 09, 2012 8:08 AM EDT LONDON - U.K. entertainment retail giant HMV on Thursday reported a loss for its latest fiscal year, but vowed to return to profitability in its current fiscal year as it looks to bounce back despite a still-weak economy and competitive pressures. ...

  8. Simon Fox, HMV CEO, Stepping Down, Trevor Moore Named Successor

    August 02, 2012 10:20 AM EDT The HMV Group, owner of the UK's largest entertainment retailer, today announced in a statement to investors that CEO Simon Fox would be stepping down on September 3 and would be replaced by Trevor Moore. Moore, was formerly the chief executi ...

  9. HMV Sells London's Hammersmith Apollo To Stage C For $49 Million

    May 31, 2012 4:15 PM EDT London's HMV Apollo opened in 1932 as the Gaumont Palace, a cinema designed by Robert Cromie in the Art Deco style. It became the Hammersmith Odeon in 1962 and famous destination for live music. The name changed the Apollo in the 1990s. Stage ...

  10. AEG Live Leads Bidding for UK's HMV Live (Report)

    May 21, 2012 12:05 PM EDT AEG Live is leading the race to acquire HMV's profitable live division, according to British newspaper the Daily Mail. The Daily Mail reports that AEG Live has been granted preferred bidder status to purchase the HMV-owned Mama Group, which t ...

  11. HMV Blames 'Weak New Release Schedule' For $26 Million Loss (But Predicts Imminent Return To Profitability)

    May 04, 2012 11:55 AM EDT Troubled British retailer HMV has forecast a pre-tax loss of £16 million ($25.9 million) for the year ending April 28, blaming a "weak new release schedule in CDs and DVDs" in the fourth quarter for the lower than expected sales. The ret ...

  12. The Year In International Music Biz: Our New (Interconnected) World Order

    January 10, 2012 2:00 PM EST Perhaps nothing speaks more to our increasingly interconnected globe then a look back at the year in international music business news. Here, flash mobs in Rio sing K-Pop songs; a spirited debate at a music conference in Singapore is re-tweeted in ...

  13. HMV Holiday Sales Tumble As Interest In Retailer's Live Division Grows

    January 09, 2012 11:01 AM EST Troubled U.K. entertainment retailer HMV ended 2011 in much the same way that its year began: with falling sales and mounting speculation about its future. The company's latest financial statement reports that the company suffered an 8.1% dro ...

  14. Are Artists Demanding Too Much Money To Play? U.K. Industry Discusses at Music 4.5 Event

    December 20, 2011 9:00 AM EST Things got a bit heated at a music industry conference on social media and touring entitled "Social Live Music Industry: Where Is the Money?" Organized by U.K.-based European music and technology events-and-networking specialist 2Pears, ...

  15. HMV Reports Further Losses, May Sell Live Division to Boost Finances

    December 19, 2011 3:29 PM EST Struggling U.K. entertainment retailer HMV is considering selling its profitable live division, HMV Live, following yet another significant drop in sales. HMV Group posted a total loss of £50.1 million ($77.8 million) for the 26-week period ending ...

  16. HMV Sales Drop 15%, Company Announces New Exec Appointments

    September 09, 2011 4:36 PM EDT Struggling U.K. music retailer HMV has reported a further fall in retail sales for its first quarter, but remains optimistic that its new tech-led strategy shows the way to recovery. Like-for-like sales for the 18 weeks ending September 3 2011 dro ...

  17. HMV Looks To Major Labels For Financial Assistance

    April 11, 2011 8:07 AM EDT Troubled U.K. High Street retailer HMV has called upon the four major labels to help stave off its debt and cash flow crisis, according to U.K. press reports. British broadsheet newspaper The Sunday Times has reported that HMV has asked EMI, Sony ...

  18. HMV To Close Central London Store

    November 19, 2010 12:00 AM EST HMV, the U.K.'s leading entertainment retailer, is to close one of its central London stores. The closure of HMV's 35,000 sq. ft 360 Oxford Street outlet comes into effect April next year, according to the company. HMV recently renewed i ...

  19. Russian Billionaire Increases Stake in HMV

    November 10, 2010 12:00 AM EST Bloomberg reports that Russian oligarch Alexander Mamut has increased his stake in HMV Group, the British company which owns and operates leading U.K. entertainment retailer HMV. According to Bloomberg, Mamut has upped his existing stake in HMV Gr ...

  20. HMV Sales Hit By World Cup

    September 09, 2010 12:00 AM EDT U.K. entertainment retailer HMV has had a torrid summer, with the World Cup hitting sales in the U.K. and Ireland. In the 19 weeks to Sept. 4, total sales at HMV U.K. and Ireland were down 13.9% and like for like sales were down 14.9%. HMV did not ...

  21. HMV, Waterstone's Consolidate Marketing

    August 10, 2010 12:00 AM EDT U.K. entertainment retailer HMV and bookseller Waterstone's have consolidated their marketing operations. Both retailers operate within HMV Group. The consolidation is effective immediately and the new group marketing department will be led b ...

  22. HMV Digital Re-Launches With Price Cuts

    July 26, 2010 12:00 AM EDT HMV, the U.K.'s leading high street entertainment retailer, officially re-launched its music download service hmvdigital.com today (July 26) with a price-cutting initiative. To mark the re-emergence of the download store, which HMV closed dow ...

  23. Culture Convenience Club Nixes HMV Japan Deal

    June 30, 2010 12:00 AM EDT The Tokyo-based retail CD and DVD rental giant Culture Convenience Club (CCC), which operates the industry-leading chain Tsutaya, has annulled its purchase of the HMV Japan chain of retail music stores. On March 25 CCC announced that it would purc ...

  24. HMV Year Profit Up 18%

    June 30, 2010 12:00 AM EDT HMV Group has revealed an 18% increase in pre-tax profits for the year ending April 24, 2010 to £74.2 million ($111 million). However, like for like sales at U.K. entertainment retailer HMV (including Ireland) were down 2.4% compared to the prior ...

  25. Stars Turn Out For Lucian Grainge Farewell

    June 16, 2010 12:00 AM EDT The U.K. music biz said goodbye to Universal Music Group kingpin Lucian Grainge last night (June 16) at a star-studded "bon voyage" party in London. Executives and artists gathered at the Mandarin Oriental hotel in West London to see off ...

  26. Business Matters: Terra Firma, Vivendi, HMV Group and More

    May 14, 2010 12:00 AM EDT -- Reuters reports Terra Firma has given Citigroup a compliance certificate , a notification of its plan to inject additional equity to meet its debt covenant. Terra Firma does not need to hand over the money until June 14. But the specifics on th ...

  27. Severe Weather Hits HMV Sales

    April 29, 2010 12:00 AM EDT U.K. entertainment retailer HMV put in a solid performance in 2009, but its sales in the first three months of 2010 were disappointing. A trading update from the retailer showed total year-on-year sales growth for HMV U.K. and Ireland of 7.2% for ...

  28. Investment Group Edge Raises Almost $50 Million

    April 21, 2010 12:00 AM EDT London-based investment group Edge said its specialist entertainment funds raised $49.6 million in their latest fundraising round. The entertainment industry investment and advisory group said the amount was almost three times last year's tot ...

  29. HMV 'Could Be Target For Private Equity Bid'

    March 04, 2010 12:00 AM EST U.K. entertainment retailer HMV's share performance could make it a target for private equity bidders, an influential retail analyst has claimed. Arden Securities' Nick Bubb said despite its position as the "last man standing" ...

  30. Digital Downloads Could 'Overwhelm' HMV

    February 02, 2010 12:00 AM EST The decline of the physical market for books and music caused by digital could hinder U.K. entertainment retailer HMV Group's ability to prosper, a retail think tank has claimed. The KPMG/Synovate's Retail Think Tank expressed a gloomy o ...

  31. HMV Secures Mama Group Shares

    February 01, 2010 12:00 AM EST U.K. entertainment retailer HMV Group said it has secured acceptances of 56.4% of the shares in live venue joint venture partner Mama Group. HMV had the backing of the share-holding Mama company directors for its Dec. 23 offer of 5.4 pence (8.6 ce ...

  32. HMV Posts Double Digit Xmas Sales Rise

    January 14, 2010 12:00 AM EST U.K. entertainment retailer HMV increased sales in the U.K. and Ireland by 13.4% over the 10-week Christmas trading period compared to the previous year. Meanwhile, the retailer's diversification into venues looks set to continue in 2010. The ...

  33. HMV Sales Jump 12.8%

    December 11, 2009 12:00 AM EST HMV U.K. and Ireland increased sales by 12.8% to £470.7 million ($763.8 million) in the six months to Oct. 25, 2009 compared to the same period a year ago. The U.K. entertainment retailer was able to take advantage of the demise of rivals Zavvi an ...

  34. Speculation Over Borders U.K. Continues

    November 25, 2009 12:00 AM EST Publishers are waiting for news on Borders U.K., as negotiations continue over a possible sale of the troubled chain. A number of distributors have the retailer on stop, with the Random House-owned companies -- the Book Service and Grantham Book S ...

  35. HMV Rolls Out Temporary Christmas Stores

    October 22, 2009 12:00 AM EDT U.K. entertainment retailer HMV is launching its first temporary stores for the Christmas trading period. "We opened the first one last weekend in Bluewater and the next four open in Saturday (Oct. 24)," HMV Group chief executive Simon F ...

  36. HMV Unveils Curzon Cinema Store

    October 21, 2009 12:00 AM EDT U.K. entertainment retailer HMV plans to screen live concerts from its own venues at its new hmvcurzon cinema in Wimbledon, south London. The impressive, three-screen cinema above the existing Wimbledon store is a partnership with Curzon Artificia ...

  37. HMV To Open Temporary Xmas Stores

    September 21, 2009 12:00 AM EDT U.K. entertainment retailer HMV is planning to open up to 15 temporary stores for the Christmas trading period. HMV Group CEO Simon Fox tells Billboard.biz that the retailer will take temporary leases in towns that currently lack a retail entertai ...

  38. HMV Sales Inch Up In U.K.

    September 03, 2009 12:00 AM EDT HMV, the market leading U.K. entertainment retailer, has announced like-for-like sales growth of 1.7% by value for the 18 weeks ending Aug. 29, 2009. HMV Group issued the trading update at its annual general meeting (AGM) today in London. Total sa ...

  39. HMV Strikes 7Digital Deal

    September 03, 2009 12:00 AM EDT Entertainment retailer HMV Group is paying £7.7 million ($12.6 million) for a 50% stake in digital media company 7digital, which operates international download stores. The joint venture will combine London-based 7digital's technology, expert ...

  40. HMV Sales Up 11.7% In 2009

    April 29, 2009 12:00 AM EDT U.K. entertainment retailer HMV has benefited from the closure of rival Zavvi and the Woolworths retail chain, recording a year-on-year sales volume increase of 11.7% for the 16 weeks ending April 25, 2009. During a conference call, HMV Group chie ...

  41. HMV Enters U.K. Live Biz

    January 14, 2009 12:00 AM EST HMV has partnered with venue operator the Mama Group on a joint venture that will see the U.K. entertainment retailer sharing profits at 11 mid- to large-size venues. The 5,100-capacity Hammersmith Apollo will be renamed the HMV Apollo and the agr ...

  42. HMV Posts £27.5m Six-Month Loss

    December 11, 2008 12:00 AM EST Retail group HMV suffered a pre-tax loss of £27.5 million ($41.2 million) in the 26 weeks ended Oct. 25. After the company's interim results were published at 7am GMT this morning, HMV Group shares fell on the London Stock Exchange from last ...

  43. HMV Unveils Charity Partner

    November 28, 2008 12:00 AM EST Market leading U.K. entertainment retailer HMV and sister company Fopp have chosen children's cancer charity CLIC Sargent as their charity partner for 2008 to 2010. As part of HMV’s bi-annual corporate social responsibility and community enga ...

  44. HMV Joins British Retail Consortium

    September 24, 2008 12:00 AM EDT U.K. entertainment retail chain HMV is to join the British Retail Consortium (BRC). The move will be announced by BRC chairman Sir Geoff Mulcahy at the retail trade organization's annual dinner tonight (Sept. 24). The BRC represents retailers ...

  45. HMV Sales On The Rise

    September 05, 2008 12:00 AM EDT HMV Group announced 1.3% growth in total sales for the 18 weeks ending Aug. 30, in the first trading update of its current financial year. "In what is a tough consumer environment, the solid start made by the Group to the new financial year m ...

  46. HMV Reports Q4 Growth, Positive Outlook

    May 09, 2008 12:00 AM EDT HMV Group today published a healthy report card. The British-based retail giant confirmed a period of double-digit growth to close its financial year, while boasting its revitalizing program was ahead of schedule. In a pre-close trading update, HM ...

  47. HMV U.K. Had Happy Holidays

    January 17, 2008 12:00 AM EST HMV Group says it expects its pre-tax profits to be towards the upper end of market expectations after reporting a Christmas sales surge of 9.4% compared to the previous year, while the company's powerhouse music/entertainment chain HMV U.K. ...

  48. HMV Japan Pres Dezelsky To Split

    November 16, 2007 12:00 AM EST HMV Japan president Paul Dezelsky will leave his post at the end of the year, Billboard.biz has learned. "It is a completely personal decision," Dezelsky tells Billboard.biz. "After 12 years I feel it is time to challenge something ...

  49. HMV Buys Fopp Brand, Outlets

    July 31, 2007 12:00 AM EDT HMV Group is injecting new life into Fopp. The music and entertainment retail giant has reached an agreement to buy the recently-bankrupted Fopp brand, its URL and the lease on six of the retailer's outlets, depending on landlord consent. Fin ...

  50. HMV Names Warren Product Director

    July 13, 2007 12:00 AM EDT Gary Warren has been appointed as a full-time product director at music-retail giant HMV U.K. The position, which makes him a director of the board, gives him the overall responsibility for the recorded music, DVDs, games and related products sold ...

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