Jim Carroll

Music, Life and everything else

Golden Discs gone into examinership – and Bubble Hits reaches bursting point

Full story from Mary Carolan here about another bad day for the Irish music retail sector. An examiner has been appointed to Golden Discs on the back of a request from Sony Music Ireland, who are owed €1.38 million by …

Fri, Feb 13, 2009, 21:53

   

Full story from Mary Carolan here about another bad day for the Irish music retail sector. An examiner has been appointed to Golden Discs on the back of a request from Sony Music Ireland, who are owed €1.38 million by the chain. Per court report, six of the chain’s 20 stores were loss-making, namely the shops at Dublin’s Stephen’s Green Shopping Centre, Mary Street, Jervis Street and Stillorgan, Limerick’s Jetlands Shopping Centre and at Maynooth, Co Kildare.

In other music business/media news, Bubble Hits (website not currently working) has gone off air. The pop music TV station, 50 per cent of which was owned by MCD boss Denis Desmond via his Gaiety Investments company and 50 per cent owned by station founders James Hyland and Lee Walsh, was launched as an advertising-free zone in Ireland and the UK in 2006. However when the station failed to generate enough sponsorship to fund its activities, they went looking for ads but, despite claiming 1.5 million viewers per week, advertisers did not bite.

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