Report: Rescue deal planned for HMV

Music labels and film studios are reportedly planning to throw their weight behind a rescue deal for collapsed retailer HMV.

Report: Rescue deal planned for HMV
Sun, 20 Jan, 2013 - 11:53

Music labels and film studios are reportedly planning to throw their weight behind a rescue deal for collapsed retailer HMV.

Entertainment giants including Universal Music, Warner Music and Sony are planning to offer HMV suitors generous credit terms and cut the price of CDs and DVDs to help keep HMV’s presence on the high street, according to The Sunday Times.

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