Coalitions Key to Survival of Independent Music Stores

Date: 1 Apr 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Album sales dropped more than 11 percent last year. Forecasts predict they will dive another 6 percent this year. The internet is partly to blame; the record industry says 2.6 billion music files are downloaded from the internet each month, many of which are burned to CDs. Music is also facing competition from other forms of entertainment, especially among teenagers, who are spending more money on DVDs and electronic games. Radio consolidation hasn’t helped either. … Read More