I refer to Sarah Zhou’s blog post “Farewell HMV“, dated November 17^th,  2011. I agree with her to a large extent. HWV is closing its store in Downtown Vancouver. Just like Blockbuster went bankrupt and Netflix took over it, online resources, both legal and illegal, are driving HMV out of business. People
nowadays have changed their taste and preference of consuming music and movie
products, few of them would want to go to a store to get them on disc. People will most likely use their computers to play and copy them into the computers and buying online seems a better and cheaper option. For a store mainly selling music and movies on disc, it is hard to survive as there are various alternatives where you can get the virtually the same thing for a much lower cost if at all. The pirated versions on Internet are of high quality nowadays and cost nothing. Even though HMV tried to move it sales to online downloading, it is not working as almost 90% of the legal downloads are done through iTunes. HMV loses out in terms of innovation and this has led to its downfall.