Let's face it, the ever shifting sands of the music business have also prompted dramatic changes in the music retail area and like it or not this totally affects everyone who is involved in music somehow. Before the days of online instant gratification, we had stores upon stores where the fans could go and grab the latest release from their favorite artists and now these same shops are all but a thing of the past. Of course we have large retailers who offer you not only music but video and electronics (Best Buy, Circuit City among the batch) but as time moves forward these sections are growing smaller and smaller. If you don't believe me, lets take a look at a couple of big examples of the changes.
Tower Records: An amazing place for all sorts of music purchase across numerous genre specifications if you were a Metal head and should you like Jazz, R&B, Pop, or Rap there were racks and racks and aisles and aisles of the stuff that could keep you browsing for awhile and often spending what little cash you might have had on hand. In 2004 after citing a number of different reasons for doing so, the franchise declared bankruptcy and began the process of closing all of their retail stores. Granted I sometimes found the place a little pricy, but I would still go and often buy, but by 2006 the stores that NYC had were gone. To many this was unthinkable, but to others it was a sign of a truly terrible wave of such practice.
Virgin Megastores: I remember that I was visiting Hollywood back in like 1993 and my friend used to leave me in the place while he ran errands since he knew I loved to dig through imports and releases that were often impossible to find stateside. You also had better chances of finding something that had gone out of print over the last few months since the place often had an ample supply. When they opened up not one but two of these stores in NYC I was jubilant. It became a great haven for our genre as you would easily find your Emperor alongside your Twisted Sister and your KISS alongside your Nightwish. The layout of the big Times Square store was aisle after aisle of alpha numeric product placement (all genres broken up into their own aisle) but over the last year I noticed that the entire floor was set up as bargain bins with each release they had in there selling for $10. The harder to find releases were all in a section downstairs, still full priced, but less in the overall number of aisles. Soon the announcement came that the Virgin Megastore retail stores would be closing and now the prices of CD's and DVD's are for the most part $5 and $7. Best get some shopping done folks.
Wal-Mart: It's been reported that Wal-Mart wanted to have their music section sell releases for no more than $10 apiece which meant the RIAA had to considerably lower their prices to the franchise for them to still turn their necessary profit. Somehow they managed to stave off the retail giant for awhile but Sam Walton's organization came back stronger and now demands an even lower price or they would review the practice of selling music altogether. You might not care since most Wal Mart's don't feature your Black, Death, Extreme Metal bands since they choose what bands and types of releases they will put on their shelves (censorship maybe? Big Brother maybe?) but here is something you might not be aware of. The music industry generates over 25% of it's profit from Wal-Mart sales while the retailer only generates about 2% of its overall profit from music. Until recently, Wal-Mart was the largest retailer of popular music but this has since been replaced by I-Tunes. We should remember that I-Tunes is pure downloaded product as opposed to Wal-Mart's physical product.
Anyways, let's see what everyone thinks about this because I think its a truly interesting and frightening area since waves of change will keep coming. I apologize the length of this opener, but that happens sometimes.
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