Financial Times FT.com

HMV strikes digital deal

By Kiran Stacey and John O’Doherty

Published: September 3 2009 08:57 | Last updated: September 3 2009 18:09

HMV Group has agreed to pay £7.7m in ($12.6m) cash for a 50 per cent stake in 7digital, the music download website, in an effort to improve its digital sales.

The entertainment group will look to improve its online music catalogue and the quality of its websites, amid a mixed picture for first-quarter sales.

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