Steve Redmond on the new spirit at HMV
Wednesday October 23, 2013
Isn't it good to see HMV with a spring in its step
One of the notable things when HMV hit its problems
- albeit many of them self-inflicted - a year ago was the genuinely
supportive reaction of both suppliers and competitors
No one wanted to see HMV go down. It may have been
appallingly mismanaged in recent years, but the folk memory of the
pioneer and innovator it had once been lingered on. On a practical
level both competitors and suppliers were united in the knowledge
that without the weighty presence of HMV much of the physical music
business simply wouldn't be viable any more.
And so we were pleased when it found a buyer in
Hilco, although there was still the fear that it would simply be
run into the ground by a bunch of
So what a pleasant surprise it has been to see the
HMV of the past few weeks. First it re-connected with its past with
the inspired return to 363 Oxford Street, first opened by Sir
Edward Elgar in 1921. Then this week it achieved something no
physical retailer has done in a decade of iTunes - it put Apple on
the back foot in their spat over HMV's music discovery
In the process it has become a lightning rod for
other retailers' long-standing resentment of what they perceive as
Apple's anti-competitive behaviour.
In a word, HMV has recaptured for the moment its
time-honored crown as industry thought-leader.
Welcome back, HMV.