Music Retailer HMV Goes Into Administration

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A sign shows the location of the original HMV music and video shop... News PhotoBusiness,Composer,England,Finance,HMV,Horizontal,London - England,Music,Oxford Street,Performance,Store,UKPhotographer Collection: Getty Images News 2013 Getty ImagesLONDON, ENGLAND - JANUARY 15: A sign shows the location of the original HMV music and video shop opened by composer Sir Edward Elgar in 1921 in Oxford Street on January 15, 2013 in London, England. Management have announced that administrators have been called in which may put the 4350 staff at risk. HMV was founded in 1921 has 239 stores in the UK and the Republic of Ireland and has struggled to compete against online retailers. (Photo by Peter Macdiarmid/Getty Images)