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HMV calls in administrators



British High Street music chain HMV has gone into administration, putting 4,500 jobs at risk. HMV released a statement on the matter yesterday; “The board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection and in the circumstances therefore intends to file notice to appoint administrators to the company and certain of its subsidiaries with immediate effect.

The chain currently holds 35% of CD market in the UK, meaning industry analysts are positive about a buyer coming in and taking on the company. More news to follow as we get it.

Grahame Farmer

Grahame Farmer’s love affair with electronic music goes back to the mid-90s when he first began to venture into the UK’s beloved rave culture, finding himself interlaced with some of the country’s most seminal club spaces. A trip to dance music’s anointed holy ground of Ibiza in 1997 then cemented his sense of purpose and laid the foundations for what was to come over the next few decades of his marriage to the music industry.

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