HMV Canada Goes Into Receivership - Noise11.com
HMV Pitt St Sydney

HMV Canada Goes Into Receivership

by Roger Wink, VVN Music on January 30, 2017

in News,Noise Pro

Just as there seemed to be some hope for stabilization in the retail market for physical music, HMV in Canada has gone into receivership.

Not even catalog CDs, which have powered the compact disc market in recent years, and the resurgence in vinyl, could keep the Canadian version of HMV afloat. HMV in the U.K. was pared down to just a few locations four years ago while all locations in Ireland shut down in the middle of last year.

On Friday, the entire business was put into receivership in Ontario Superior Court leading to the closing of many of the remaining locations. Some stores will stay open to liquidate the company’s stock but there is an order that all operations must end by April 30.

Here in the U.S., CD retailers have pretty much disappeared from malls and plazas except for a few FYE stores while independent retailers have struggled along with the help of such events as Record Store Day. Most physical music purchases are now made at mass retailers like Wal-Mart, Target and Best Buy along with the Barnes & Noble book chain who has gone fairly heavily into vinyl.

vvnmusic.com

Related Posts

Neil Young & Crazy Horse, The Plenary, Melbourne, Australia, Noise11,Ros O'Gorman, Photo
Neil Young Returns to Spotify

Neil Young is bringing his music back to Spotify.

March 14, 2024
Neil Young Premieres New Recording of Over and Over titled Broken Circle

Neil Young has a new nine-minute recording of ‘Over and Over’ titled ‘Broken Circle’ from his upcoming ‘Fu##in’ Up’ album.

February 16, 2024
NeilYoung at the Sidney Myer Music Bowl by Ros O'Gorman
Neil Young and Crazy Horse To Tour For First Time In A Decade

Neil Young and Crazy Horse will regroup for their first major tour in a decade despite having released three albums together in that time.

February 14, 2024
Martha Wainwright (photo supplied)
Martha Wainwright To Tour Australia In May

Martha Wainwright will return to Australia in May for a national tour starting in Brisbane.

February 14, 2024
Drake, Photo by Ros O'Gorman, noise11
Drake Chucks A Grammy Tantrum

Drake has taken to Instagram to slam the Grammys. Drake took to Instagram on Sunday night to share his thoughts on the annual awards ceremony.

February 6, 2024
Joni Mitchell at the Newport Folk Festival 2022
Joni Mitchell To Perform Joni Jam Concert With Brandi Carlile At The Hollywood Bowl

Joni Mitchell will perform at the Hollywood Bowl in October with thanks to Brandi Carlisle and a stack of guests including Annie Lennox, Sarah McLachlan, Marcus Mumford, Wynonna Judd, Taylor Goldsmith of Dawes and Lucius.

January 31, 2024
Celine Dion photo by Ros O'Gorman
Celine Dion Doco To Go To Prime

Celine Dion has announced that she will be releasing a new documentary.

January 31, 2024