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HMV to announce administration tomorrow


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^^^^^^^ Agreed.

 

Cant say im surprised at all. Amazed its lasted this long.

 

They have been complete rip off merchants for years. Even 5-10 years ago I would look around HMV then nip off to Asda, Sainsburys or even Blockbuster Video to buy the same items much cheaper.

 

Even well before the burden of the internet. Andys records, Our Price and Woolies were always preferred over HMV.

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HMV is using a failed business model, it has failed to adapt to a changing business environment so I'm afraid that this news was inevitable. Apple is making a shed load of money selling music, and rightly or wrongly this does seem to be the business model that works.

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