Saturday, August 30, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel Hopes To Improve Its Mobile Business With Ex-Qualcomm exec
Kingston HyperX Demos DDR4 Memory at PAX Prime
Corsair and ASUS Fastest DDR4 Memory Kit
Intel Unleashes its First 8-Core Desktop Processor For Gaming
Samsung Partners with Nike On Running App
Samsung Applied for Samsung Quantum Dot TV Trademark
New iPhones Expected at Sept. 9 Event
Google Tests Drones For Delivery Of Goods
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Optical Storage > Big mus...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, January 29, 2003
Big music chains launch bid to sell music online


Major U.S. music retailers on Monday launched a service that would deliver music via the Internet, a step they hope will save them from piracy and illegal CD burning that has raged on even after the demise of online music swapping service Napster.

The venture -- which comes as the music industry also battles the growing pressure from discounters such as Wal-Mart Stores Inc. -- groups Best Buy Co., Hastings Entertainment Inc., Tower Records, Trans World Entertainment Corp., Virgin Entertainment Group and Wherehouse Entertainment Inc.

As recently as last Tuesday, Wherehouse Entertainment, based in Torrance, California, filed for bankruptcy protection for a second time in less that 10 years and said it would close 120 more stores, capping a long struggle to gain a foothold with consumers.

The music industry's troubles also forced Best Buy, the top U.S. consumer electronics chain, to shut 107 music stores earlier this month, and put under a review the performance of its Musicland division, which is also hurting from declining mall customer traffic.

Even so, a statement from the music retailers said the new digital music venture would enable them to "effectively compete in the digital music market place and to launch a new era of consumer-focused digital music offerings." It added that the venture would be backed by in-store marketing.

Last April Best Buy Chief Operating Officer Allen Lenzmeier told Reuters in an interview that the company was working with other retailers to devise ways to prevent wholesale copying of CDs without antagonizing customers.

Some music industry watchers predict that as many as 500 music stores out of thousands could close this year after CD sales fell by nearly 9 percent in 2002.

Industry experts also point out that the retailers are caught up in a bind since a number of them, including Best Buy, also sell the very same gadgets that makes copying and downloading music easy. Such gadgets include MP3 players and CD burner PC drives.


Previous
Next
Tattoo Media pioneers second session CD's with Windows Media Data Session Toolkit Technologies        All News        Tattoo Media pioneers second session CD's with Windows Media Data Session Toolkit Technologies
Tattoo Media pioneers second session CD's with Windows Media Data Session Toolkit Technologies     Optical Storage News      Tattoo Media pioneers second session CD's with Windows Media Data Session Toolkit Technologies

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
CD-R And CD-RW Discs Represent $368 Million in 2013 - CD writers and CD Combo Disappearing
New SDXC And SDHC Memory Cards Support 4K2K Video
LCD TV Panel Shipments Dip in Q3 For The First Time
CDSA Releases Updated Version of its Content Protection Security Standard
Sharp Launches The LL-S201A 20-inch Multi-Touch Monitor
Strong Shipments Reported For High-Resolution Tablet Panels in 2013
LCD TV Panel Inventory Rises, Spurring Price Drops
Sharp AQUOS DR TVs Pack 500GB HDDs, Blu-ray Drives
Sharp To Launch Redesigned AQUOS Quattron G9 LCD TVs
Global TV Market Won't Recover Until 2015
LCD TV Shipments Fall in 2012
Samsung, LG, LCD Patent Disputes Continue

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .