Opinion on Music and Video

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Type Product title / description Pub Price
Expert View
Expert View

HMV: from market leader to takeover target

HMV has confirmed that it has received a bid approach from private equity firm Permira, after reporting disappointing Christmas sales. The music & video retailer is having to adapt to a sea change in its core market brought on by growing online and mainstream retail sales, and it is unlikely that Permira would make a quick buck from a selling it on.

Published By Datamonitor
31 Jan 2006
CommentWire
CommentWire

HMV: green shoots of hope

The HMV Group has defied a slowing music and video market and tough Christmas trading to post a positive set of results, with total sales up 2.9% in the five weeks to January 3, 2009. The recent spate of competitor collapses has left HMV as the dominant high street entertainment retailer, and as it continues to diversify its interests, the group's future is looking increasingly positive.

Published By Datamonitor
15 Jan 2009
CommentWire
CommentWire

HMV: no longer top dog

HMV has issued a profit warning after both the HMV music chain and its Waterstone's bookstores performed poorly over the festive period. Competition from online retailers and grocers able to promote discounted deals has hurt the retailer's profit margins. Looking ahead, this threat is unlikely to diminish as HMV's cut-price rivals continue to up their offer.

Published By Datamonitor
13 Jan 2006
CommentWire
CommentWire

HMV: the going's getting tougher

The HMV Group has posted a mildly disappointing set of results for the 26 weeks ended October 25, 2008, largely as a result of the deteriorating entertainment market. HMV sales were up 1.6% on a like-for-like basis, but Waterstone's saw a dip of 3.1%, giving a flat performance across the group. The retailer will need to raise its game considerably as the UK slips into a recession.

Published By Datamonitor
15 Dec 2008
CommentWire
CommentWire

Home Entertainment: facing tough choices

Home Entertainment, the operator of Choices Video and DVD stores, has been hit by the rise in the number of fake DVDs flooding into the UK, reporting pre-tax losses of GBP3.1 million. Piracy is not the only problem: unless the company responds to increased competition and improves its brand profile, the prospects look relatively bleak.

Published By Datamonitor
25 Jan 2006
CommentWire
CommentWire

Music & Video retail: out of the VAT loop

Authorities on Guernsey have announced that they will prevent British retailers from exploiting a tax loophole that allows DVDs and CDs to be sold free of value-added tax. While the move spells disaster for those retailers who rely on the VAT exemption for their competitive advantage, it could be the salvation of HMV, which by being well established in Guernsey will evade the clampdown.

Published By Datamonitor
02 Mar 2006
Expert View
Expert View

Music & video to shrink by over a third out to 2017

The UK music & video retail sector is set to contract by 39.3% out to 2017, due to lower online prices, the increasing popularity of streaming services, and digital piracy. Record labels and film studios can adjust their business models to mitigate some of the negative effects, but retailers will not have it so easy.

Published By Datamonitor
29 Nov 2012
Expert View
Expert View

Music & video: market decline takes its toll

News that HMV's full year profits were down by more than half follows recent reports of financial concerns at rival retailer Fopp, and the possibility of Virgin selling off more stores. In a sector that continues to be shaken by new competition and digital downloading, further turbulence for music and video retailers seems a certainty.

Published By Datamonitor
28 Jun 2007
CommentWire
CommentWire

Music Zone: in tune with the high street

In an increasingly competitive market, Music Zone's 3.5% rise in like-for-like sales for the five weeks to the beginning of January is impressive when compared to larger rivals HMV and Virgin. The chain's low-cost formula has enabled it to compete with grocery retailers and the business still has room to grow.

Published By Datamonitor
16 Jan 2006
CommentWire
CommentWire

Silverscreen: final scene

Silverscreen has appointed Kroll as administrators. Silverscreen, backed by Apax, owns a chain of 65 stores and employs 550 workers. However, the company has suffered from increased competition from internet sales. Silverscreen is the first Apax-backed company to go into administration for at least five years.

Published By Datamonitor
31 Mar 2006

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