HMV: ‘We’re replacing CDs with games’

Having

earlier today

confirmed the opening of its first LAN gaming centre at its flagship Trocadero store in London, the chief executive of HMV Simon Fox has said that gaming is set to replace the likes of music as his chain looks to future growth.

Speaking to The Daily Telegraph, Fox stated: "Big picture, if you look over the next three years, what we have said is that the CD market will decline by ten per cent per annum, so we need to replace that with higher-growth categories: games, technologies, band merchandise. We need to respond.

"For HMV we are already a natural destination for music and film, we want to become an equal destination for games, and this is about making our stores a real magnet for gamers to come and play and buy.”