iTunes Kills Again, HMV Near Bankruptcy

The iTunes Music Store has been a game changer, and serial killer, since day one. Apple’s digital storefront has been credited with slaying Tower Records, multiple Microsoft efforts and, recently, French retailer Fnac. A host of others, including Napster and Rhapsody, barely cling to life. Now, iTunes kills again.
According to ZDNet, British music retailer HMV has appointed administrators, a sure sign the one-time industry giant is on the verge of bankruptcy.
“[T]he Board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection, and in the circumstances therefore intends to file notice to appoint administrators to the Company and certain of its subsidiaries with immediate effect,” the company announced.
That said, the administrators are seeking a buyer for HMV, which is expected to continue operations. However, it isn’t yet known how many of the company’s 239 stores and 4,350 employees in the UK, Singapore and Hong Kong will be closed or terminated, respectively.
HMV’s perhaps imminent demise comes on the heels of the news that iTunes lead a 2012 music sales rebound and Fnac’s online music store will be subsumed into Apple’s growing media empire.
Which retailer or online store will iTunes kill next?
Related posts:
— What’s New in iTunes 11.0.1
— iTunes 11 Keyboard Shortcuts
— iHome at CES 2013: Dual Lightning, USB Peripherals Launch
— iTunes Sale: Best Albums of 2012 for $6.99
— Is iCloud Up? Here’s How to Find Out

Seems somewhat ironic that when I came to this article, it had an interstitial ad that said:
>> Over 2,000 Albums for $5 Each at AmazonMP3.com <<
Not sure you can give all the blame/credit to the iTunes Store.
[...] posts: — iTunes Kills Again, HMV Near Bankruptcy — iTunes Control App Synergy 5 Goes Big on Mountain Lion — A Dozen Candles for iTunes Birthday [...]
[...] — iTunes Top 10 Fun Facts: 25 Billion Songs, 119 Countries, 800 million devices, More — iTunes Kills Again, HMV Near Bankruptcy — iTunes Control App Synergy 5 Goes Big on Mountain Lion — A Dozen Candles for iTunes [...]
Leave your response!
Recent Posts
Popular Posts
The ROCR on the web
Most Commented
Most Viewed
Powered by WordPress | Entries (RSS) | Comments (RSS) | Privacy Policy