HMV Managing Director Neil Taylor announced he will quit the entertainment retail specialist at the end of September.
There is a tough year-on-year comparison, not least because of The Greatest Showman, but home entertainment buyers are generally optimistic about the likely impact of Q2 arrivals including Mary Poppins Returns, Aquaman and The Lego Movie 2, writes Christopher Barrett.
HMV owed trade creditors more than £53 million when it entered administration, according to an initial report from administrator KPMG, which revealed that new owner Sunrise Records paid £883,000 to acquire the retailer and its assets.
After Cue identified on Friday that Canada’s Sunrise Records was circling the UK business of HMV, the retailer led by Doug Putman has been revealed as the new owner after a marathon all-night negotiation.
Ampere Analysis Director of Research Richard Cooper builds on his recent presentation to MESA Europe to provide a broad picture of the UK home entertainment market and some forecasts for the next couple of years.