“I guess I’m going to have to buy the White Album again.”
When was the last time you wanted to buy a CD? Because you probably can’t remember, Best Buy has reportedly stopped selling them.
The big box electronics retailer officially stopped selling music CDs Sunday, according to Billboard. Sales fell in recent years as music streaming services like Spotify and Apple Music gained in popularity.
Best Buy’s CD sales have recently brought in just about $40 million annually.
Continue @ CBS Los Angeles
For decades, independent record labels have dreamed that if only they had the massive budgets to get their artists in front of music fans, the fans would love the music – and maybe even choose it over offerings from major record labels.
Now, with streaming services such as Apple Inc and Spotify Technology SA becoming the dominant form of distribution for recorded music, at least some of that long-held dream seems to be materializing, according to a new report from the Merlin Network, a UK-based nonprofit group that negotiates with the streaming services on behalf of more than 20,000 independent record labels and distributors and handles routing payments.
Read @ CGTN (press release)