HMV's like-for-like sales in the five countries it has operations in fell 1.8% for the eight weeks leading up to August 29. "With consumer adoption of legal digital media now reaching the mass market, this joint venture partnership is great news for our customers and suppliers," said Ben Drury, founder and head of 7digital.
HMV also announced that 7digital is planning to launch a mobile application for Blackberry handsets. The company is expected to post a pre-tax loss amounting to about £1 million this year. The move by HMV comes as legal digital sales account for more and more revenues to major media companies.
Written by: James Delahunty @ 3 Sep 2009 11:22
