Proper Music Group reaction to Sunrise Records’ acquisition of HMV

05 February 2019 - Press release

On the recent news of Sunrise Records’ acquisition of HMV, Drew Hill, MD of Proper Music Group, has commented:
“This is a very positive outcome for the industry, for whom the importance of a place for music on the High Street cannot be overstated.
 
“Physical formats remain an essential part of music consumption, and the chain’s sales of over £250m in 2018 prove it is a key player in entertainment retail. Sunrise’s purchase means people will still be able to immerse themselves in an environment of music discovery with access to specialist knowledge and recommendations from staff, something chief executive Doug Putman appears well aware of.
 
“We understand that while some 1500 jobs will be saved, 27 stores will close, resulting in hundreds of redundancies. We hope these people are able to find alternative employment as soon as possible.”