Tower Records On The Ropes
Tower Records, overwhelmed with mounting debt, may be on the brink of going under. Recently, all the major labels were forced to stop shipments to the once high-flying retailed due to non-payment. Chief executive Joe D’Amico, recruited to manage the current crisis and possible bankruptcy, appears to have failed in his mission and is now possilby setting the stage for a straight liquidation, depending largely on decision of chief...
Music Trends: The DVD-Album Concept – Another Misfire
Warner Music recently announced plans to develop and distribute a new music format dubbed the “DVD Album.” The new format will incorporate CD quality songs, “pre-ripped” digital tracks, videos, album art and other extras. Warner hopes that this new format will spark retail sales at a higher price point. We think not. The first thing that the major labels just don’t get is that consumers don’t want...
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