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Old January 15 2013, 12:10 AM   #10
MickJo1701's Avatar
Re: HMV to go into administration

billcosby wrote: View Post
Soon Walmart will be the only place to get physical copies of anything. I trired supporting HMV before Xmas and I kind of figured this would happen.
Our grandkids will go to 'store' museums one day. "You could hold something before you bought it? Wow!"

Incredible fact from the article: "Despite its troubled position, the retailer still sells 27% of all DVDs and Blu-Ray discs and 38% of the physical music market."

In this article it says that 73.4% of music and film are downloaded now, I guess only selling 30-40% of the remaining 27% isn't going to keep a business as big as HMV viably profitable.
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