HMV has been in the news this week after announcing it going into administrations, meaning that the last major music retailer on the high street may disappear forever. The demise of HMV is a sad reminder for those who began buying music in the 80's/90's that life will never be the same again.
High street shops such as Virgin Megastore, Tower, Zavvi and Our Price have already disappeared in conjunction with the rise of illegal downloads and sites such as Amazon, Play.com and iTunes.
You could say that HMV has gone into administration after not adapting to Chris Anderson's Long Tail Theory, were despite the store stocking certain obscure artists/DVDs their was nothing there to guarentee its availability. Thus HMV lost out to other online retailers digging them even more into a £176 million debt.
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