HMV offered ‘helping hand’
Universal Music, Warner Music and Sony are some of the major labels planning to offer to HMV a helping-hand giving by retailer generous credit terms and cutting the prices of it’s CDs/DVDs as part of a package aimed to help save the company. This news also comes at a time when re-structuring specialist Hilco, who bought out HMV Canada in 2011 has appeared as being the front-runner to take over the company.
In other HMV related news, those who were unlucky enough to recieve an HMV Gift voucher over Christmas can rejoice. The chain will be accepting those vouchers from Tuesday.