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Music Social More…

HMV plans to take over the world

cysquatch [Edit] [Delete] 13:29, 26 March '10

Not really, but still (from today's investor update):

-HMV is targeting the sale of three million tickets for MAMA and third-party venues in 2012/13 (anyone know how many tickets they sell at the moment?).
- plan to buy 2 - 3 new venues every year under the HMV brand to "grow rapidly in live and ticketing"
-plan to increase sales of "entertainment-based fashion" from 3% to 21% of total sales (presumably this means more Led Zep and Jackass t-shirts).

Good luck to them. It'll potentially be nice to have a big competitor to Ticketmaster, though I can't see it driving down ticket prices much.

In case you want to peruse the whole thing (I had to read if for a finance course I'm doing): http://www.hmvgroup.com/media-centre/news/2010/2010-03-26.aspx


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