Good news for our little industry!

Good news for our good old industry of le musique as HMV has been able to halve its net debt over the next three years, after its banks decided to waive the retailer's January 2012 convenant test (with the support of record labels). In case you care about this (which you should, as soon the only place you'll be able to buy music is TESCO!!!) then hop on over to the Music Week site (here's the link: http://tinyurl.com/775osqj ) and read alllll about it. It's actually really sad to think that so many independent music stores have closed down in the last few years and if HMV disappears there won't be anywhere to be non chart music left... Always buy legally folks, you'll regret it when all you have to listen to is Little Mix and Leona Lewis...
On the plus side, the Live Music bill was passed in the house of commons today which proposed a relaxion of the licensing rules (from the Licensing Act of 2003) around small scale live music events, making it easier for pubs and small venues to stage grass roots gigs. The act passed in 2003 required that any venue playing live music (no matter how small) had to have its own license - ridiculous on all accounts because obviously it had a disproportionate effect on tiny pubs and bars, in turn hugely impacting the careers of many young artists unable to perform in these venues. Alas, it is getting better! Rant over now.