Music chain HMV will continue to sell the latest blockbusters and music releases after securing stock from most of its suppliers.

Administrators of the chain, which collapsed last month, said agreements had been put in place so stock could be replenished.

It comes after administrators announced 66 loss-making shops will close in the next two months, at the cost of nearly 1,000 jobs.

The group, which has 220 UK stores, called in administrators from Deloitte last month but hopes of a rescue deal have been raised after restructuring firm Hilco – the group behind HMV Canada – bought the company’s debt.