HMV administration: 66 stores set to close putting 930 jobs at risk
HMV's administrators are set to close 66 of the firm's stores across the UK putting up to 1,000 jobs at risk, it has been announced.
The flagship HMV store at 150 Oxford Street, the biggest music shop in the world, is closing down today.
HMV has confirmed that it will be removing all Lostprophets products on sale in store and online after former frontman Ian Watkins pleaded guilty to a string of child sex offences.
One of Britain's most recognisable high street brands has been saved after Hilco announced it has bought HMV - saving 2,500 jobs and maintaining 141 stores across the country.
Digital music services such as Spotify, Deezer and We7 streamed at least 3.7 billion songs last year, a figure equivalent to single sales for the past 60 years.
Collapsed retailer HMV is to close a further 37 stores, putting 464 jobs at risk.