Universal, Warner and Sony plan HMV 'rescue operation' - report

RHIAN JONES

Universal Music, Warner Music and Sony are reportedly set to discount the price of CDs and DVDs for HMV and offer the retailer generous credit terms in an attempt to rescue it from going out of business.

Industry sources say the major labels are desperate to keep the High Street chain alive to avoid cut-throat pricing by supermarkets and internet distributors.

Film giants, including 20th Century Fox, Universal Studios and Warner Bros, are also said to be involved.

HMV was ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start free Trial

Register for a Music Week trial to access this article. Sign up today and you will receive:

  • 4 weeks access to news, features and chart analysis
  • 4 Digital issues of Music Week
  • The Music Week app
  • Tailored email news alerts
Start your free trial

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...