Hollywood is teaming up with record labels to save HMV

From The Sunday Times:

THE world’s biggest music labels and film studios are assembling a multimillion-pound rescue package to prevent HMV from going out of business.

Universal Music, Warner Music and Sony are set to cut the price of CDs and DVDs, and give the retailer generous credit terms. Film giants, including 20th Century Fox, Universal Studios and Warner Bros, are also expected to throw their weight behind the rescue attempt.

Continue reading the rest of the story on The Sunday Times