Music and game retailer HMV announced last month that it was to enter administration. Since then, administrator Deloitte has confirmed numerous store closures. However, it seems some of the world's top musicians may team up in a bid to save the stores. According to the Telegraph, Sir Elton John is hoping to save the chain of music shops.
The Telegraph reports that major labels have been trying to think of a way to boost CD sales since HMV announced its bankruptcy in mid-January. The answer might be in high-profile in-store performances from the likes of Elton John. The newspaper cites David Joseph, chief executive of Universal UK, as saying Elton John in particular was keen to help.
"One of our biggest global superstars said why don't we get a lot of the biggest artists to start doing gigs in HMV, just to turn up and say these are music stores, come and get your music here," Joseph is quoted as saying, later confirming that the star in question was Elton John and that he would definitely be doing something to help HMV.
A fortnight ago, Deloitte announced plans to close a third of the UK's HMV locations. This amounted to 66 stores across England, Scotland, Wales, and Northern Ireland. Earlier this week, the administrator announced plans to close a further 37 stores.