Inside Music MediaJerry Del Colliano

Tower Records finally succumbed to the losses that music downloading wrought. A liquidator came in and bought the entire chain for under $170 million. A sell off is underway and 3,000 employees are headed to unemployment. What a long demise! Just as traditional media is hanging on to its traditional business models, record stores are reminding us what happens when we ignore the future. The record store began to die when Gen Yers figured out how to share music, steal music or buy music online. And what did record stores do? Remain the same. Few changes. And Tower won't be the only record store to bite the dust. When music was&hellip