HMV strikes new sales agreements with key suppliers

Key new releases in film, music and games will still be sold in the remaining HMV stores after an agreement was reached with suppliers.

Crucially, this will mean that Monday’s James Bond release Skyfall will be available on DVD and Blu-ray.

We are pleased that these agreements are now in place, allowing us to replenish stock and bring in new titles,” joint administrator Nick Edwards stated.

The support of suppliers over the past few weeks has been significant and these agreements demonstrate their ongoing commitment to supporting HMV.”

Deloitte also remains positive that a buyer will be found for the historic brand.

Good progress has been made to date and we have received a positive level of interest in the business,” Edwards added. Discussions are progressing with a number of parties interested in both the business as a going concern and individual assets despite the high fixed cost base associated with a store network.

Landlords have been generally flexible and supportive and we hope to continue working closely.”

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