HMV Death

[Aonghus]

The Gaeity School of Acting are also accepting them as part payment for courses, so I hear!

[rogue69]

It seems that HMV may have been given a lifeline from the major music labels & film companies, as reported today in the Sunday Times


There are around 50 potential suitors circling HMV and its chief executive Trevor Moore is 'convinced' that the chain's future can be secured

Music labels and film studios are reportedly planning to throw their weight behind a rescue deal for collapsed retailer HMV.

Entertainment giants including Universal Music, Warner Music and Sony are planning to offer HMV suitors generous credit terms and cut the price of CDs and DVDs to help keep HMV's presence on the high street, according to The Sunday Times.

They are fearful the demise of HMV - the last specialist music and entertainment retail chain - will lead to even more pressures on the industry as supermarkets and online firms such as Amazon compete to slash prices.

It is thought turnaround group Hilco - which already owns HMV Canada - is currently among the favourites to rescue HMV and is said to have been locked in talks with administrators Deloitte on Friday.

At stake is the group's 92-year-old heritage, more than 4,120 jobs and 223 stores.

There was pain for 760 staff at failed DVD and games rental firm Blockbuster when administrator Deloitte announced it was closing 129 of its 528 stores in the coming weeks.

Both firms hit the wall within 24 hours of each other last week in a devastating blow for Britain's retail sector .

But there are around 50 potential suitors circling HMV and its chief executive Trevor Moore has said he is "convinced" that the chain's future can be secured.

Game, which was bought out of administration itself last April, has confirmed it is interested in buying stores. It did not reveal how many shops it was looking at acquiring, but reports suggest it could bid for up to 45 in locations where it does not yet have a presence.

Other potential bidders are thought to include private equity firm Endless, which is the group that bought The Works out of administration, and private equity veteran Jon Moulton through his Better Capital firm.
for HMV as some of the major labels & film companies are offering

[sheldipez]

For those that still have vouchers:

Struggling British retailer HMV will resume trading in gift vouchers from tomorrow, the company's administrators have announced.

[opaque]

And if you do, go out and use them ASAP. If they change their mind by the weekend if the deals don't work out don't go blaming anyone but yourself!

It is good news though as it makes it seem more likely that they want the company to continue and want to make HMV look better.

Despite the whole Universal etc wanting a high streetshop they all also own nice chunks of HMV from previous debt relief deals and supply deals from a year ago so it is doubly in their best interests.

[James Stacey]

Hilco now have effective control of HMV. They dont actually own it yet but as good as.

[rogue69]

hmv bosses have shutdown their twitter feed but not before staff have their say

http://www.bleedingcool.com/2013/01/31/insurrection-in-the-hmv-twitter-feed/hmv-twitter-screen-capture/
http://www.bleedingcool.com/2013/01/31/insurrection-in-the-hmv-twitter-feed/hmv-follow-up/

[Link Prime]

THE SAGA CONTINUES (In Ireland)

A friend of mine just directed me to HMV's Irish website (*chuckle*) where there's a link for any poor paddy bastids like meself with an unused HMV voucher.

Quite quick & easy; give em your personal details and card number and they'll exchange that old gift card you considered as worthless as big business morals into a shiny new one.

The rub; you have to post your old card out to their Dublin offices (via registered post) before 11/10/13 and you have to spend the new voucher before 14/11/13.

Still- better than a proverbial kick in the gonads.