It’s going to be a real tragedy not having HMV on our High Street in the future. That is, if no buyer is found (I’m secretly clinging onto hope for this one).

In the same way that many mourned the loss of Woolworths, be it for their sell-all convenience or in nostalgia that their own children/grandchildren would never experience, His Masters Voice will be remembered fondly by myself and no doubt countless others.

I can recall a time (when I was at uni, before this bloody recession) when I couldn’t pass HMV without buying either a CD or DVD. I didn’t grudge the four non-blockbuster movies for £20, or the £8-10 I had to pay for a top 10 chart CD.

In all honesty, I blame the recession entirely for the megastore going out of business. Many said it was expensive and couldn’t compete with online competitors, but in truth, HMV did have a brilliant online service and was relatively inexpensive. It must’ve been hard for them to keep up with a retailer who can afford to lower their prices because they don’t pay tax in our country *ahem* AMAZON.

The fact of the matter is, people simply no longer have the disposable income to spend on luxuries such as entertainment in the physical format. When everything else is skyrocketing in price – apart from our wages – this sort of pleasure goes out the window with cinema trips and impulse bought clothing.

And, now it’s going to have a massive effect on our music industry.

Not only will there be 4,000 less places to buy physical (either CD or vinyl) albums from our favourite artists, it will be harder for new artists to emerge and sell their music on a wide platform.

I could go on all day about how this might affect music and those artists who don’t have millions to spend on promotion, but I just hope that as a result of HMV going under, the independent music store will once again have its day.

A naïve dream, perhaps, but the only hope we have left for actually owning our music.