Four years ago, and through a holding company, GPI Companies purchased Amoeba Music for $34 million. The legendary Los Angeles record store currently sits on Sunset Blvd. Years after the purchase, however, Amoeba’s owners – Marc Weinstein and Dave Pri…
Category archives: Physical Retail
Nas Is Releasing a Children’s Book Called ‘I Know I Can’
World-famous rapper and investor Nas is taking his talents to the world of book writing. Specifically, Nas, whose birth name is Nasir bin Olu Dara Jones, has authored a motivational children’s book entitled I Know I Can. The book’s title derives from …
Record Store Day Retailers Find an Unexpected Online Ally: eBay
eBay has allied with Record Store Day to allow independent stores access to 179 million eBay buyers. Record Store Day is a celebration of independent record stores across the United States, and a decidedly offline event. In fact, the entire point of R…
Warner Music Group’s ‘Record Store Crawl’ Is Hitting Major U.S. Cities — Here are the Upcoming Dates
Think of this like ‘Record Store Day — The Tour’. Warner Music Group has announced a new series of dates for its Record Store Crawl event. Several locations across the country are featured in the fourth annual event. The very first crawl kicks off on …
Bandcamp Is Opening a Brick-n-Mortar Record Store Next Month
Vinyl sales have been rising in the United States for the past decade, riding a wave of nostalgia and genuine interest in the format. Now, digital service Bandcamp is embracing the trend with a physical location. The online platform is planning to ope…
Bankrupt HMV Has Received ‘A Number of Offers’ — But Is This Chain a Goner?
HMV Group fell into bankruptcy again last December. Now, there are ‘a number of offers’ to purchase the down-and-out chain. But then what? The past few years have witnessed a resurgence in music retail, particularly among mom-and-pops selling vinyl i…
UK Trade Body Slams IFPI for Failing to Include Physical Sales
According to the ERA, the IFPI has clearly omitted the growing trend of physical music sales worldwide. It’s difficult to ignore the physical sales boom. According to a report from BuzzAngle, vinyl sales continue to experience double-digit growth. Whi…
Sony’s Q1 2018 – 100% Stake in EMI, Spotify Payday, and Surging Streaming Revenue
Streaming revenue continues to climb, while Sony Music confirms hefty Spotify payday and a 100% stake in EMI Music Publishing. Sony Corp. has released its fiscal Q1 / calendar Q2 2018 financial report. Sony Music’s streaming revenue for the first half …
There’s Still One Blockbuster Store Left In the United States
In 2004, Blockbuster had more than 9,000 stores. Now, that number is down to 1. ‘Blockbuster video stores have been officially closing around the country’ sounds like 2003 headline. But in the intervening 15 years, a few have been hanging…
Fact Check: Is Best Buy Really Getting Rid of CDs?
Reports claim that Best Buy has already gotten rid of CDs on their floors. Best Buy begs to differ. Last week, it was reported by numerous sources, including Billboard, that Best Buy would be removing all compact discs from their stores by July 1st. …