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
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.