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HMV to appoint administrator.

The original 42pcenter MD (Elite) posted this on Tuesday, 15th January 2013, 06:45

http://www.bbc.co.uk/news/business-21021073

Update. Administrators have now been appointed.



"Talking`s for lesbians" Psycho Paul 2011.

This item was edited on Tuesday, 15th January 2013, 08:57

RE: HMV to appoint administrator.

The original 42pcenter MD (Elite) posted this on Tuesday, 15th January 2013, 08:56

Just announced they won`t be accepting gift vouchers.



"Talking`s for lesbians" Psycho Paul 2011.

This item was edited on Tuesday, 15th January 2013, 09:35

RE: HMV to appoint administrator.

bandicoot (Elite) posted this on Tuesday, 15th January 2013, 10:45

Yet another high street casualty, and there will soon not be a shop left to visit, the way this recession is going.

Just been watching the BBC news on telly this morning, and once again excuses excuses. They say it is mainly due to online sales, Rubbish!.

I say it is due to people not having spare cash to throw around during this recession, plus the fact that the prices in HMV were too high for new DVDs.

Considering a lot of new DVDs and blueray DVDS were being priced at HMV at £13 to £15 or over, I myself gave up buying new DVDs in HMV in the last two years, and waited till the same DVD prices fell in over the months, and bought them in the supermarkets at £5 or £3.

The way things are going every shop will be boarded up in Britain, if this recession does not end soon.

RE: HMV to appoint administrator.

Jitendar Canth (Reviewer) posted this on Tuesday, 15th January 2013, 14:06

Why companies fail - the rise and fall of HMV

an essay by Philip Beeching last August on why HMV failed. He handled HMV`s advertising account for 25 years.


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RE: HMV to appoint administrator.

The original 42pcenter MD (Elite) posted this on Tuesday, 15th January 2013, 14:43

That`s a very good read.



"Talking`s for lesbians" Psycho Paul 2011.

RE: HMV to appoint administrator.

Miles (Elite Donator) posted this on Tuesday, 15th January 2013, 15:09

Quote:
The original 42pcenter MD says...
That`s a very good read.

Agreed.

Unfortunately some people (like the CEO he described) can be very short sighted and extremely complacent. Successful companies need forward thinking strategy led CEOs, unfortunately it seems they (HMV) were lacking in that department.

RE: HMV to appoint administrator.

Robee J Shepherd (undefined) posted this on Tuesday, 15th January 2013, 16:54

That is a good read, it's interesting how the public face of a company turns out to be so closely representative of the senior management.


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RE: HMV to appoint administrator.

Snaps (Elite) posted this on Tuesday, 15th January 2013, 17:17

Don`t you think the same applies across the board?
Governments, Football teams etc.

Agreed it was worthwhile reading. So often opinion pieces like that are from the outside looking in.

Snaps

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RE: HMV to appoint administrator.

Pete-MK (Elite Donator) posted this on Tuesday, 15th January 2013, 17:54

Quote:
bandicoot says...
Just been watching the BBC news on telly this morning, and once again excuses excuses. They say it is mainly due to online sales,
It`s certainly not the main reason, but I`d say it`s a very pertinent factor, and you`re spot on about the pricing. I popped into mine yesterday and they had Castaway on blu-ray, an older movie, woth little to no extra features for £9. Sweeny Tood (Burton movie) on the other side of the aisle was bursting with extra features and that was only £2 more. My town centre has 2 Games Exchange-type shops, so there`s no point going to HMV to spend three times as much for a traded in copy of the same movie, with a quality guarantee if the disc turns out to be buggered. Failure to keep up with THAT industry (as well as online sales), which sprang up PURELY because of the extortionate prices charged by HMV and the like, is another death sentence.

As for online sales in general and their detrimental effect on the high street, here`s my tuppence; I have never believed that piracy harms the recording industry, because the only artists that are downloaded in large numbers are those that are signed to major labels who can absorb any piracy-related losses in a weekend jolly for upper management.

However, as has been oft discussed here, these companies are penny-pinchers, paranoid that any coffers from their hard work won;t be going their way, made all the more apparent by the recent efforts to halt the trade-in industry that they get not a penny from. They just cannot accept that when someone purchases a CD or DVD, they actually consider it to be their possession, and that they are free to do with the physical disc whatever they wish (apart from ripping and sharing, which isn;t what I`m on about).

Which is where DRM-packed online sales come in. When you buy a track or a movie online, you don;t buy it, you buy a license to watch/listen to it, but it`s not your physical posession, and the license can be revoked at any time for any reason. This is the ultimate control they want. and now they have it, and while their artists` `interests` may be protected, the long shot is that if eventually we don`t have CDs on shelves, you don`t need a member of staff to stock the shelves, or shelves, or shops...

============================


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This item was edited on Tuesday, 15th January 2013, 18:38

RE: HMV to appoint administrator.

bandicoot (Elite) posted this on Wednesday, 16th January 2013, 15:19

I went into HMV today at lunchbreak as it was still open, and got the best deal ever in their secondhand DVD section, I got a £2 DVD for £1.50p as there was a 25% `Blue cross` discount on at the moment.

If they keep this up, they might just make a profit and stay solvent 

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