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The Downward Spiral of Music Retailing

Posted by michael on from the nine-inch-nails dept.

chundo writes "Business Week has an article about the financial problems plagueing specialty music retailers. Tower Records, Musicland, and Sam Goody are all "hemorrhaging money", despite efforts to move sales online. Some chains are trying to adapt - Virgin Megastore is testing an in-store service to download songs to portable players, and their Radio Free Virgin unit hopes to break into digital music retailing. Is the failure of conventional music sales reinforcement that the RIAA's business plan just doesn't work, or will it just provide them with more ammunition against the P2P crowd?"

3 of 415 comments (clear)

  1. How about they collect donations? by Thinkit3 · · Score: 0, Troll

    Instead of charging $9.99 (damn marketing prices), charge a nominal amount and ask for donations. They could organize the donations and take a cut. The gift economy is the future, and they don't realize it!

    --
    -Libertarian secular transhumanist
  2. Re:simple question by baloogan · · Score: -1, Troll

    time to killall RIAA


    and while we are at it: killall Microsoft, killall SCO

  3. Re:Price, not piracy by Anonymous Coward · · Score: -1, Troll

    Good call. I don't drink coffee anymore or buy gas either. When coffee hit $5 and gas hit $3, I quit. Soon I won't be buying any milk because those bleeping cows keep driving up the prices and CABOT is just as ruthless as the RIAA. As long as the playstation and xbox games keep going down, I really shouldn't complain.