HMV Group

  1. Brandle's Global Bits: iTunes Radio Launches in Australia, Eurovision Cracks Down On Vote-Rigging, New CEO At MAMA

    February 11, 2014 6:41 AM EST iTunes Radio Tunes Into Australia: Apple has launched iTunes Radio in Australia -- marking the service’s first expansion outside the United States. The streaming music operation dropped with little fanfare today, boasting more than 100 stations wh ...

  2. HMV's Software Pulled from App Store, Apple’s Spirit of Competition Questioned

    October 23, 2013 5:38 AM EDT Britain’s Entertainment Retailers Assn. has called on Apple's iTunes to “act responsibly” after the digital music giant yanked HMV’s iOS app from its app ecosystem. In what appears to be a purely protectionist move, British-based retail cha ...

  3. Brandle’s Global Bits: Aussie Live Biz Enters Spin Cycle, HMV on the Comeback Trail, Mercury Prize Noms, IMPALA's Board

    September 17, 2013 10:00 PM EDT Trouble in Aussie Live Biz Paradise An unusually turbulent few weeks in Australia’s live biz has observers wondering whether there’s trouble in paradise. A handful of festivals are falling over, one has changed hands, the two biggest events are ...

  4. HMV To Shed 400 Staff: Reports

    April 15, 2013 8:40 AM EDT Retail restructuring specialist Hilco is reportedly close to cutting 400 jobs from HMV. Hilco bought HMV out of administration earlier this month . The rescue package, reportedly worth £50 million, initially saved 141 stores and more than 2,500 ...

  5. Hilco Buys HMV, Saves 141 Stores and 2,500 Jobs

    April 05, 2013 5:00 AM EDT HMV has been handed a lifeline. Retail restructuring specialist Hilco has swooped in with a rescue package for the British chain -- reportedly worth some £50 million ($76 million). The arrangement all-but secures the future for the once-great mu ...

  6. 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 ...

  7. 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 ...

  8. Morning Fix: Obama Inauguration Music Guide; Major Labels' HMV Rescue Plan; Myspace Rights Issue

    January 21, 2013 12:20 PM EST Subscribe to Billboard.biz's free Morning Fix email and other newsletters HERE OBAMA INAUGURATION MUSIC GUIDE: KATY PERRY, ALICIA KEYS, Q-TIP & MORE Just as Barack Obama's 2009 inauguration drew stars from Beyonce to Aretha Franklin, ...

  9. HMV Shutters Irish Operations, Appoints Receivers as Staff Stages Sit-In

    January 17, 2013 5:58 PM EST Staff at two HMV stores in the Republic of Ireland have staged sit-in protests following the closure of the company's 16 Irish stores, according to reports. HMV's Irish operations were placed into receivership yesterday (Jan. 16), 24 hou ...

  10. Universal-Led Suppliers Liable for Up to $242 Million If HMV Folds: Report

    December 27, 2012 10:51 AM EST British music and DVD retailer HMV, which has said it faces a liquidity crunch early in the new year, has seen $65 million in benefits from financial support from product suppliers, led by Universal Music, the Daily Telegraph reported Thursday. Mu ...

  11. Morning Fix: The Business of New Year's Concerts; 2013's Brands to Watch; Can Drake Trademark 'YOLO'?

    December 27, 2012 8:30 AM EST Subscribe here to Billboard's free Morning Fix email and other music-business newsletters THE BUSINESS OF NEW YEAR'S EVE CONCERTS: On Dec. 31, thousands of concert-goers across the country will usher in 2013 to live music f rom their fav ...

  12. 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 ...

  13. Morning Fix: Arthur Fogel Re-Ups With Live Nation; Rolling Stones' 'Final' Show; Apollo Global and HMV

    December 17, 2012 9:03 AM EST Head HERE to subscribe to Billboard's free Morning Fix email and our other free music-business newsletters ARTHUR FOGEL RE-UPS WITH LIVE NATION: Arthur Fogel has re-upped with Live Nation for a new five-year deal to continue his role as the C ...

  14. 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 ...

  15. 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 ...

  16. Morning Fix: Bankers Big Winners in EMI-UMG Deal; SEO B.S.; VMAs Relevance; Matchbox 20 Aim For No. 1

    September 06, 2012 7:50 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. MATCHBOX TWENTY AIMING FOR FIRST NO. 1 ALBUM ON NEXT WEEK'S BILLBOARD 200: Watch for Matchbox Twenty to nab its first No. 1 on the Billboard 200 next week. Also heade ...

  17. 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. ...

  18. 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 ...

  19. 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 ...

  20. 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 ...

  21. HMV Looks to Grow Ticketing Division by Partnering With Ticketmaster U.K.

    May 15, 2012 2:02 PM EDT Troubled U.K. entertainment retailer HMV has teamed with the British arm of Ticketmaster as it looks to expand its ticketing operations. Announced today (May 15), the strategic partnership comes into effect over the next six to eight weeks and wil ...

  22. 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 ...

  23. HMV Grows U.K. Market Share

    May 01, 2012 11:16 AM EDT HMV has marginally increased its share of the U.K. entertainment market, according to latest figures released by market research firm Kantar Worldpanel. In the three-month period ending March 18, HMV grew its market share to 19.2%, up from 17.5% f ...

  24. Backbeat: Dean Brody Releases New Country Album, Works Retail Deal With Fossil Canada

    April 30, 2012 1:01 PM EDT Dean Brody performed three songs at his exclusive album release party for Dirt . (Photo: Barry Roden) Canadian girls - and guys - gathered at Fossil Canada 's downtown Toronto showroom for a private album release celebration for singer-songwr ...

  25. Morning Heds: RIM CEOs Out, HMV's New Banking Terms, Does Facebook Make People Sad?

    January 23, 2012 6:45 AM EST If the feds can shut down Megaupload, why do we need SOPA? Ars Technica For more than a year, the Motion Picture Association of America and the Recording Industry Association of America have argued that existing laws were insufficient to deal with ...

  26. 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 ...

  27. 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, ...

  28. 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 ...

  29. 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 ...

  30. HMV Rolls Out Expanded Tech Offerings To 150 U.K. Stores

    August 23, 2011 7:49 AM EDT U.K. entertainment retailer HMV is to significantly expand its technology offering -further reducing the amount of shelf space available for music product. As previously reported, the troubled retailer - which reported a net loss of £121.7 million ...

  31. PIAS Partners With Proper Music Following Sony Warehouse Fire

    August 19, 2011 8:36 AM EDT The Sony DADC warehouse in Enfield, England, after the London riots on August 9 (Photo: David Goddard/Getty Images) Less than two weeks on from the London Sony DADC warehouse fire that destroyed 3.25 million units of its stock , PIAS is back in bu ...

  32. Business Matters: HMV Woes Signal Even Bigger Retail Changes Ahead

    July 05, 2011 5:42 PM EDT Ask Not For Whom The Bell Tolls…: HMV -- If you took a long holiday weekend you may have missed the news that retail chain HMV posted a large annual loss and is in the midst of restructuring the company into a "broad-based entertainment busin ...

  33. HMV's Profits Plunge, More Challenges Ahead

    June 30, 2011 8:19 AM EDT LONDON (Reuters) - Struggling music and DVD retailer HMV , which has been selling off assets in a bid to secure its future, said trading conditions were set to remain tough as it posted a 61 percent drop in annual profit. The 90-year-old group, wh ...

  34. HMV to Sell 125 Canadian Stores: Report

    June 27, 2011 7:18 AM EDT LONDON (Reuters) - Struggling British retailer HMV is set to announce the sale of its 125-store Canadian business to restructuring specialist Hilco's Valco Capital Partners arm, the Sunday Telegraph reported. An HMV spokeswoman declined to co ...

  35. HMV Selling Waterstone's Book Unit for $86 Million

    May 20, 2011 7:23 AM EDT LONDON - Struggling entertainment retailer HMV Group PLC said Friday it is selling its Waterstone's bookshops to raise 53 million pounds ($86 million). The sale of the bookstore chain to A&NN Capital Fund Management Ltd. comes ahead of a ...

  36. 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 ...

  37. HMV Warns of Lower Profits

    April 06, 2011 1:50 PM EDT U.K.-based retailer HMV has issued another profit warning sending the company's shares down over 9% on Wednesday before closing down 6.1%. The company lowered its estimate for full-year profit to 30 million pounds (about $49 million) from $40 ...

  38. U.K.'s Major Label Heads Rally Around Beleaguered Music Retailer HMV

    January 20, 2011 12:00 AM EST Music and books retailer HMV has appointed accountancy firm KPMG to advise on its debt and help it meet an April test of its borrowing rules, a source familiar with the situation said. The source said Thursday that KPMG, already an adviser to HMV, ...

  39. HMV Japan to Reopen New Shibuya Store

    January 11, 2011 12:00 AM EST HMV Japan announced on its website that it would reopen a store in Tokyo's central shopping and nightlife district of Shibuya. The CD retailing giant had its flagship Japanese outlet in Shibuya for 20 years before closing the 6,450-square foo ...

  40. HMV Backs New Artists With U.K. Fest

    December 02, 2010 12:00 AM EST U.K. entertainment retailer HMV is bringing back its Next Big Thing festival in London, Birmingham and Edinburgh in February. The second edition of the event for more than 100 emerging artists is taking place from Feb. 4-13. HMV is staging the eve ...

  41. 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 ...

  42. 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 ...

  43. Faithless Returns To Music Retailers

    November 01, 2010 12:00 AM EDT U.K. dance music veterans Faithless has issued a new version of its recent album "The Dance" (Nates Tunes) for a much wider retail release. The original CD version in May 2010 was an exclusive with mass merchant Tesco, while iTunes got t ...

  44. Financial Round-Up: EMI, WMG, Live Nation, HMV and more

    September 17, 2010 12:00 AM EDT The latest round-up of earnings re-caps: EMI Here is the lone example of an annual earnings report. In August, EMI’s private equity owner, Maltby Capital (which was set up by Terra Firma), released an annual report that offered two important numbe ...

  45. Mercury Nominees' Sales Up 105%

    September 09, 2010 12:00 AM EDT U.K. entertainment retailer HMV has issued figures showing the sales increase for the nominees of this year's Barclaycard Mercury Prize. The XX have received the biggest sales boost in percentage terms following their victory, with the except ...

  46. 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 ...

  47. Business Matters: Ourstage, HMV, iTunes and more

    September 08, 2010 12:00 AM EDT Opinion and analysis of the day's music news. ROCK IS DEAD? AGAIN? -- BBC News has an interesting story about the lack of rock titles on the UK singles chart. Sales of rock singles are down nearly 18% in the first eight months of 2010. In con ...

  48. Brandon Flowers, Mark Ronson To Play New U.K. Venue

    September 07, 2010 12:00 AM EDT Brandon Flowers, Mark Ronson, Kelis, Hurts, Tinie Tempah, Kele and Klaxons are among the acts booked to play the new HMV Institute venue in Birmingham. Following a long-term, multi-million pound refurbishment since its closure in 2008, the U.K. ve ...

  49. HMV Rolls Out Fashion Range

    August 27, 2010 12:00 AM EDT U.K. entertainment retailer HMV will begin selling clothing and accessories next week. As previously reported, HMV is partnering with certain fashion brands - Boxfresh, Lee Jeans, FLY53 and Eastpak - that executives believe fit well alongside musi ...

  50. 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 ...

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