Burnaby film and music lovers will have to bid farewell to the media retail giant HMV by the end of April - but collectors of DVDs, CDs and vinyl records needn't be too sad.
Ontario's Sunrise Records is stepping in to continue Burnaby's old-school media market.
Sunrise Records president Doug Putman said that, although Canada's traditional media market is being impacted by online media consumption, it is still important to maintain an old-school media platform for local artists.
"We want to support independent Canadian artists more than ever," he said in a press release. "We feel it's an obligation, not to mention we love discovering talented new artists."
Earlier this year, HMV Canada's parent company HUK 10 Ltd. filed for receivership in the Ontario Superior Court, announcing plans to close all remaining HMV locations by April 30.
At the time HMV was placed in receivership, it operated 102 stores and financials showed it was losing as much as $100,000 per day. After buying properties made vacant by this receivership, the Toronto-based Sunrise Records chain is planning to open 70 stores across the country, including in Burnaby's Metropolis at Metrotown.
BNN previously reported that Sunrise will be opening two locations in Burnaby; however, only the Metrotown location has been confirmed by Sunrise.
