Struggling UK entertainment retailer HMV (LSE: HMV) is giving equity worth 2.5 percent to its key suppliers - music and movie studios - to avoid breaching its banking covenants.

HMV’s CEO says the slowdown in plastic music and movie sales is itself slowing down - even though its Christmas was nearly a tenth worse than the previous year.

Waterstones—the leading UK bookseller that was recently bought by Russian billionaire Alexander Mamut—is taking a tip from its U.S. counterpart Barnes & Noble (NYSE: BKS) and launching its own e-reading device. The news, to be revealed by the company’s MD James Daunt in a radio interview today, raises all sorts…

HMV (LSE: HMV) must move steadily away from selling physical entertainment content and toward the hardware on which digital content is consumed, according to the CEO of the company advising the high street retailer on the transition.

The sale of UK bookseller Waterstones to Russian billionaire Alexander Mamut should not hamper its ability to sell electronic books.

HMV’s sale of Waterstone’s, one of the UK’s leading booksellers, removes some weight from around HMV’s neck, but doesn’t necessarily set Waterstone’s up for a digital future.

HMV (LSE: HMV) has sold its Waterstone’s book chain to a fund controlled by Russian billionaire Alexander Mamut for £53 ($85.79)m.

Not to pile the pressure on CEO Ben Drury - but HMV’s worsening fortunes appear to suggest the increasing strategic importance of 7digital, his digital music retailer and distributor which HMV bought half of from investors in 2009.

Entertainment retailer HMV (LSE: HMV) is buying a 50 percent stake in the increasingly well-thought-of UK online music retailer 7Digital for £7.7 million ($12.6 million), in a move that will finally kickstart its digital ambitions. The deal means HMV Group will use 7Digital as its sole supplier for what it…