Several music chains to offer digital music downloads
Six record store retailers are teaming up to offer digital music downloads in their stores and over the Internet, citing increased competition from CD burning, online music and large discount stores have hurt sales. The stores, including Best Buy, Tower Records, Virgin Entertainment Group, Wherehouse
Music, Hastings Entertainment and Trans World Entertainment Corp. (operator of FYE, Strawberries and Coconuts stores), have joined a joint venture called Echo that will provide technology and allow them to offer individual tracks for downloading to portable devices and computers. The retailers hope the new venture will help leverage their existing relationships with customers, as sales have been weak over the past year due to online downloading. Wherehouse Music recently filed for Chapter 11, and Tower Records hopes to avoid bankruptcy by closing stores and dropping prices.
In addition, make sure to read these articles:
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- Sluggish First Half Has Retailers Looking Forward
- Digital On-Demand Announces Retail Agreements toComplement Recent Sony Deal.
Six retail record store chains team to offer digital music downloads in stores and over the Internet.
Internet leader America Online has purchased Web radio pioneer Spinner.com and music technology company Nullsoft, the leading developer of Internet MP3 players. The stock-for-stock transactions, ......
Wherehouse Entertainment Inc., which climbed out of bankruptcy protection four years ago to emerge as one of the nation's largest music retailers, is once again ......
On Aug. 5 and 6, BillboardBulletin ran interesting items about online commerce, both filed by yours truly. Let's look at the second item first.
NEW YORK-Jupiter Communications has issued a study suggesting that Internet sales are already cannibalizing business from traditional brick-and-mortar ......
FOUND MONEY: DistributedMedia.com, the firm that is trying to entice merchants to sign on for its new in-store play service, has signed on its second ......
NEW YORK--After enjoying a banner holiday selling season on top of an overall year that finished ahead nearly 7% in total units sold, according to ......
In an effort to combat plummeting CD sales, six of the largest music retailers have formed a joint venture, dubbed Echo, to ensure their survival ......
Echo, the planned digital music service backed by a consortium of leading retailers (Bulletin, Jan. 27), is hoping to launch in the first quarter of ......
It's official: Curb Records' new Nashville imprint label will bear the name Asylum. LeAnn Rimes will shift from Curb to Asylum, which will ship her ......
NEW YORK-Wherehouse Entertainment, alone among large music chains, has decided to concentrate on its basic brick-and-mortar business and leave Internet retailing to the ......
NEW YORK-While a congressionally created commission of U.S. business and government leaders has begun to debate the thorny issue of levying taxes on goods sold ......
Hollywood power broker Michael Ovitz and former Disney Online president Richard Wolpert are among partners in a new venture that will allow consumers to buy ......
Despite first-half 2001 sales that at times have mirrored the sluggish U.S. economy, music retailers remain cautiously optimistic that stronger numbers will return in the ......
SAN FRANCISCO--(ENTERTAINMENT WIRE)--June 11, 1999-- Digital On-Demand yesterday announced retail agreements with Virgin Entertainment Group and Trans World Entertainment Corp. whereby RedDotNet, a Digital On-Demand ......
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