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Business News

HMV pays for sales jump at Amazon

The part that Amazon played in HMV's downfall was laid bare today after the online giant delivered huge gains in the entertainment sector.

Amazon grew its share of the market for videos, games, music and digital sales of music by 3.1 per cent to a record 23.4 per cent over the 12 weeks to December 23, according to Kantar Worldpanel Entertainment. This compares with HMV, which collapsed into administration last week but continues to trade, growing sales by just 0.2 per cent to 17.5 per cent.