Statement regarding Sunrise Acquisition of HMV

Today is good news for the UK’s Entertainment industry.

With significant experience in the music, games and video market and a successful track record of growth in Canada, ERA is confident that HMV staff, suppliers and customers are in great hands with Sunrise.

Sunrise recognise that on top of streaming and downloading people continue to buy physical formats, which is still a significant £1.8 bn business. HMV accounts for approximately a quarter of the physical music market and a third of the video market creating a significant opportunity for Sunrise in the UK.
We wish the new owners and remaining staff every success in the future. 
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