Reply to post: Re: historically progressive and generous company

Taylor Swift boycotts Apple Music over no-pay-for-plays shocker

Anonymous Coward
Anonymous Coward

Re: historically progressive and generous company

"What profit margin do HMV and similar record stores make? "

HMV (the UK record store chain) went bust in 2013 and the remains were bought by Hilco, who already owned HMV Canada.

http://www.bbc.co.uk/news/business-22040237

So I guess the answer is HMV UK didn't make much profit margin.

HMV UK under Hilco seem to be doing OK **so far** (early days); the remains of HMV are said to have made £17M profit in the last full fiscal year:

http://www.theguardian.com/business/2014/oct/24/hilco-directors-share-hmv-payout-bonus

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