Professor Green On HMV Going Into Administration: "It's Sad Times"

15 January 2013, 12:21 | Updated: 15 January 2013, 12:31

The British rapper recalls memories of the famous music retailer as thousands of jobs are at risk across the UK.

Professor Green has aired his frustration after it was confirmed that music retailer HMV has gone into administration.

Over 4,000 jobs are now at risk at the music chain and the company's shares on the stock exchange have been suspended.

HMV also said they would no longer be accepting gift vouchers from customers or issuing any more going forward.

The demise of the company, which has enjoyed a long-standing presence on the British high street but struggled against the growth of online retailing, has been met by widespread dismay.

Professor Green said the company's sad fate potentially marked the end of "hard copy" music.

Check out a picture of HMV on Oxford Street, London in the 1930s: (picture: Getty)

HMV Oxford Street 1930s picture

He wrote on Twitter: "hmv bankrupt. we may as well just give up on any medium that involves hard copy and get on with it. #sadtimes

"I'd rather the death of the internet to be honest. As a kid saving up to buy a tape, record or cd was one of the best things about music, the anticipation. then playing it non stop."

He added: "Everything has to be so instant nowadays, it'll be the death of creativity, everything is churned out so quickly."

Administrators Deloitte will now work to keep HMV's 239 stores open while it assesses the company's future.