Wal-Mart to strike death blow to already dying music industry | Rock Candy

Tuesday, November 4, 2008

Wal-Mart to strike death blow to already dying music industry

Posted By on Tue, Nov 4, 2008 at 5:56 PM



Following a precipitous drop in CD sales in the first month of the fourth quarter, Wal-Mart is planning to "rapidly downsize" shelf space for CDs, according to a report in Home Media magazine. The chain is now likely only to focus on exclusive releases, like AC/DC's "Black Ice & No Bull" and its online store.

Until earlier this year, when it was supplanted by iTunes, Wal-Mart had long sold a larger percentage of music than any other retailer. Paired with the potential bankruptcy of Circuit City, this doesn't portend anything but more doom and gloom for the industry.


Favorite

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Lindsey Millar

  • Arkansas Hunger Relief Alliance

    The state's ultimate anti-hunger warriors.
    • Dec 13, 2018
  • Arkansas Times challenges law that requires state contractors to pledge not to boycott Israel in federal court

    The Arkansas Times Limited Partnership, the company that owns and publishes the Arkansas Times, is challenging in federal court a state law that requires government contractors to pledge not to boycott Israel or reduce their fees by at least 20 percent.
    • Dec 11, 2018
  • LREA: Keep your promise, Johnny Key

    The Little Rock Education Association is counting on Education Commissioner Johnny Key keeping his word that a waiver of the Teacher Fair Dismissal wouldn't go into effect until next school year and that it would only cover schools that earned a "D" or "F" under the state's new accountability scoring, LREA president Teresa Knapp Gordon said in a statement Monday night.
    • Dec 10, 2018
  • More »

Readers also liked…

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation