HMV will be profitable this year, new owner Doug Putman told a relieved audience at the Entertainment Retailers Association AGM.
HMV’s new owner Doug Putman will give a keynote interview at the Entertainment Retailers Association 2019 AGM on September 18 at Dolby, Soho Square, London between 9.30am – 12.30pm.
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.