According to our friends over at Music Week, HMV Group have confirmed the sale of MAMA Group Limited and its subsidiaries - plus its separately held interest in 50% of Mean Fiddler Group Limited - to Juno Newco Ltd.

It has been sold for £7.3m (£3.5m will be deferred for 12months) with the buyer being a wholly owned subsidiary of Lloyds Development Capital Limited.

The MAMA group owns the HMV Forum, the HMV Ritz in Manchester, the Camden Barfly - plus festivals such as Lovebox, Great Escape Global Gathering. It also owns The Fly. The sale doesn't include G-A-Y Group Limited and Heaven (London) Limited which will be part of a separate sale.