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HMV launches digital music store, competition is greatly intensifying

hmv-logoThe once top retailer of music CDs, HMV, has struggled in recent months facing intensifying competition from digital retailers, and peer-to-peer Internet networks where people illegally share their music free of charge.

The result has been a significant decline in earnings for traditional brick-and-mortar retailers, such as HMV.

The HMV stock (LON:HMV) has lost a significant amount of its value in recent months, reflecting slumping earnings and lost market share.

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