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Day: 29 September 2005

HMV sales dive – blames books

  • September 29, 2005
  • Mike Butcher
  • Companies, MusicBites
  • 0 Comments

Sales dive at HMV – Manchester Evening News: The company warned investors today that there were few signs of an upturn on the high street at present. At HMV stores like-for-like sales in the UK fell 11.5 per cent in the three months to Saturday – almost three times as fast as the decline over the previous eight weeks. Shares dived 10 per cent to 213.25p on the news. HMV

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Jail for China music pirates?

  • September 29, 2005
  • Mike Butcher
  • Copyright, MusicBites
  • 0 Comments

Reuters reports that the music industry wants China to shut down pirate music factories and jail the perpetrators if it is going to keep its promise to address the $250 billion-a-year problems, according to the International Federation of the Phonographic Industry.

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