The banks have music retail giant HMV “over a barrel”, according to one financial analyst interviewed by the Guardian. Royal Bank of Scotland and Lloyds Banking Group have provided GBP £220 million to HMV in exchange for a 5% stake in the company. Because the banks are partially state-owned, says the Guardian, this effectively gives UK taxpayers a stake in HMV – meaning that if you pirate music, you’re only hurting yourselves in the long run…
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