Responding to the announcement that HMV has appointed administrators to take charge of the high street retailer, BPI Chief Executive Geoff Taylor issued the following statement:
"HMV has been an institution at the heart of retailing music for as long as the industry itself. Consumer demand for CDs remains significant. The administrators have indicated that they intend to continue running the business, so we hope they can find a long-term solution that keeps the stores open and saves jobs."
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