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HMV

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BigH's picture
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RE: HMV

essexman wrote:

So I now only have in London the independent places in Soho ,and Fopp and Rough Trade left to browse on a saturday afternoon.

 

Ray's Jazz is still going but in a different location, I have not been in the new store but the old one was a proper music shop, could spend hours in there. 

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RE: HMV

Another casualty of internet sales, there'll be more to follow, such is life now.

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RE: HMV

nikhps wrote:
Think back to the rise of supermarket petrol - the large difference in prices between them and mainstream retailers attracted our money in droves putting out of business many well know branches of petrol stations and independent retailers. 5 closed in my town leaving us with Tesco (yet the numbers of cars on the road has increased) but look at the price of petrol between the supermarkets and BP Esso etc now, barely a penny between them (and thats not due to the mainstream bringing their prices down). I'm afraid the same will happen to our online purchases.

And the Petrol Retailers' Association is suggesting another 1000 independent forecourts may close in the next four years.

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RE: HMV

Andrew Everard wrote:

And the Petrol Retailers' Association is suggesting another 1000 independent forecourts may close in the next four years.

 

I'm not surprised. I buy all my petrol online. excellent!

 

simonlewis's picture
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RE: HMV

Copy & pasted from sky news story.

 

Shoppers pass an HMV shop in central London

Shoppers walk past a HMV store in central London

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

Entertainment giants including Universal Music, Warner Music and Sony are apparently considering offering suitors generous credit terms and cutting the price of CDs and DVDs to help keep HMV's presence on the high street.

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RE: HMV

Finally the Entertainment companies are seeing logic! Hopefully the disparity in prices should reduce. Only then can high street survive.

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RE: HMV

I was in hmv today and had a chat with the sales assistant , who was excellent btw- really helpful and explained the administration to me. He also painted a really optimistic picture for the future of hmv. 15 companies competing to buy the retailer.  He also then went on to tell me that spotify is part of the same group as hmv. Something I didn't how...  

The guy also said that the regular daily customers. Are coming in even more to try and support the store. There are plenty of people out there that don't have fast enough broadband for streaming hi def films(myself included) and still want a disc in their hand. 

Hopefully there will still be a place on the high street for hmv on some capacity. 

Also bagged a bargain. Phillips Fidelio AirPlay speaker. Down to £80. Really pleased with it. 

 

 

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Timbot's picture
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RE: HMV

HMV will accept gift vouchers and cards again...

http://m.bbc.co.uk/news/business-21118711

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RE: HMV

Something's looking positive behind the scenes if the administrators are allowing gift vouchers to be used. The rumoured 'deal' with Hilco must look promising.

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RE: HMV

john1000000boy wrote:

 He also painted a really optimistic picture for the future of hmv. 15 companies competing to buy the retailer.  

 

It's 50 not 15. I think they will be saved too.

 

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RE: HMV

Not true. Spotify is in private ownership and HMV Group is listed on LSE albeit with suspended shares. Spotify has 7 Private Equity investors most notably: Kleiner, Perkins Caufield & Byers and Accel Partners plus angel investors Li Ka-Shing (Chairmain of Hutschinson Whampoa) and Sean Parker (founder of Napster).

Most of the equity still remains owned by the founders Daniel Ek and Martin Lorentzon.Spotify made rights deals with the four major labels back in 2008. The majors paid just  €8,800 for a combined 18% stake in Spotify. In exchange Spotify was granted access to the millions of songs from the majors' back catalogues. This basically what was unique about Spotify's business model.   So you could argue that the labels themselves have been responsible for the decline in physical media.

There is a strong argument that Spotify is harmful to the developing new talent because of the insignificant royalty payments paid to artists. Whilst Spotify does not disclose the details of its deals with labels publishers, it has been estimated that Spotify has a $0.04 per album pay out rate. There are indie labels that, as opposed to the majors and Merlin members, receive no advance and no minimum per stream. Merlin, who represents a large portion of independent labels, received only 1% of Spotify's shares (as their labels represent 11-12% of Spotify plays).

I wrote a 25 page equity research report on Spotify when they were raising funding in November.

john1000000boy wrote:

He also then went on to tell me that spotify is part of the same group as hmv. Something I didn't how...  

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RE: HMV

DistortedVision wrote:

 Whilst Spotify does not disclose the details of its deals with labels publishers, it has been estimated that Spotify has a $0.04 per album pay out rate. 

 

One of the artists in the UK was quoted as saying that he gets 2p per track played.

The good news is that they opened negotiations with Led Zeppelin earlier this month with a view to streaming their back catalogue. Here's hoping.

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RE: HMV

Hilco throws lifeline to HMV as reported here.

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RE: HMV

jjbomber wrote:

DistortedVision wrote:

 Whilst Spotify does not disclose the details of its deals with labels publishers, it has been estimated that Spotify has a $0.04 per album pay out rate. 

One of the artists in the UK was quoted as saying that he gets 2p per track played.

I suspect he's wrong about that, last figure I saw quoted was something like 0.00016p per track per play.

I think that HMV salesperson was getting mixed up with 7Digital, they're part of the HMV group, which is slightly odd, given that HMV sell downloads directly from their own website, which would seem to be in direct competition with 7Digital.

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RE: HMV

The_Lhc wrote:

I think that HMV salesperson was getting mixed up with 7Digital, they're part of the HMV group, which is slightly odd, given that HMV sell downloads directly from their own website, which would seem to be in direct competition with 7Digital.

 

Happens everywhere. Agoda and Asiarooms are the same company, both selling hotel accomodation. BT and Plusnet are sister companies, both offering broadband and phones. Last Minute and Secret Escapes with hotel rooms. Simple marketing.