Friday, 4 January 2013

UMG on the hook for HMV?

The Telegraph has reported that Universal Music has ended up with EMI’s liability for the leases on 40 HMV stores, something that could become a £150 million problem if the entertainment retailer was to go under in the new year. EMI committed to guarantee about 40 HMV leases when the retail firm, previously a division of the music major, was spun off as an independent business in 1998. 

No comments:

Post a Comment