Major Labels May Help Save HMV

(Classic Rock) The Big Three music labels are in talks about offering HMV unique trading terms in an attempt to keep the high-street retailer in business.

HMV went into administration last week, but it's thought Universal, Warner and Sony want to help keep it afloat because it's the only alternative to entering price-war territory with supermarkets and online stores.

The deal is set to include reduced CD and DVD prices and extended credit terms. It's believed over 50 businesses have expressed an interest in buying part or all of HMV. more on this story

Classic Rock Magazine is an official news provider for antiMusic.com.
Copyright Classic Rock Magazine- Excerpted here with permission.

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