HMV set to sell venue
The HMV Picture House in Edinburgh is expected to be among the live music venues the entertainment chain is considering selling off in the wake of announcing half-year pre-tax losses of £45.7 million.
HMV yesterday said it was putting its profitable HMV Live music operation – which has 13 venues – under a review which could lead to a sell-off.
The firm has faced a significant downturn due to the decline of CD and DVD markets.