Section B - HMV

Question 1

For which kind of essays can you use HMV for?

Answer 1

Competitive Impacts
Impact of the Recession
Technological Impacts

Question 2

When did HMV collapse and how many employees did they have in how many stores?

Answer 2

2013

Over 4,000 staff in 223 stores

Question 3

How much debt did they have, and who bought them for how much?

Answer 3

£176m debt

Bought by Hilco for around £40m (they already owned HMV Canada)

Question 4

How many high street jobs and stores did the takeover save?

Answer 4

over 2,500 jobs and 141 stores

Question 5

When did HMV re-launch their website?

Answer 5

Around October 2013

Question 6

How large a market share did HMV have in 2012?

Answer 6

17.5%

Question 7

What percentage had illegal film downloads increased by in 2011?

Answer 7

30%

Question 8

How much music was illegally downloaded in 2012?

Answer 8

£250m worth

Question 9

How many stores did they close and how much did it save them?

Answer 9

60 stores that saved them £10m per year

Question 10

What asset did HMV sell in order to raise revenue? And how much was made from this sale?

Answer 10

Hammersmith Apollo - £32m

Question 11

What are the 6 technologies that killed HMV?

Answer 11

iTunes (digital, no piracy)
Piracy 
Amazon (cheaper and easier)
Steam (download games)
Smartphones (internet access)
Streaming Media (legal, easy)