Tuesday, February 5, 2019

UK’s Last Record Store Chain, HMV, Saved From Bankruptcy By New Buyer

“Doug Putman, who runs the Canadian retailer Sunrise Records, has bought the UK music and film retailer, … [which] collapsed into administration just after Christmas, blaming tough conditions on UK high streets and competition from streaming sites such as Netflix and Spotify.” Two years ago, Putman and Sunrise bought Canada’s HMV stores, rescuing them from closure. — The Guardian



Article source here:Arts Journal

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