2018 may see the end of physical music sales.

Best Buy has decided to stop carrying CDs in its stores starting July 1.

Vinyl lovers — don’t worry. The retailer has committed to carrying vinyl for the next two years. The vinyl will now be merchandised with the turntables.

According to Billboard, Target stores may also become CD-less in the near future.

Meanwhile, sources say that Target has demanded to music suppliers that it wants to be sold on what amounts to a consignment basis. Currently, Target takes the inventory risk by agreeing to pay for any goods it is shipped within 60 days, and must pay to ship back unsold CDs for credit. With consignment, the inventory risk shifts back to the labels.

According to those sources, Target gave the ultimatum to both music and video suppliers in the fourth quarter of last year that it wants to switch to scanned-based trading, with a target date of Feb. 1. But while it is proceeding to push DVD vendors to switch to scan-based trading terms (i.e. the chain would pay for DVDs after they are sold or scanned while being rung up at the register), it has moved the deadline back to music suppliers to either April 1 or May 1. So far, music manufacturers are not sure what they are going to do, but sources within the various camps say that at least one major is leaning no, while the other two majors are undecided.

If the majors don’t play ball and give in to the new sale terms, it could considerably hasten the phase down of the CD format.

Target has greatly reduced its music presence over the years. Once upon a time carried as many as 800 music titles, and nowadays seems to carry less than 100 titles in most stores. Yet, it can still be a powerful force on big titles. For example, the chain moved over 500,000 CDs of Taylor Swift‘s Reputation album.

It’s a new day, indeed.

Source www.lovebscott.com


Tiffany Gaines
Tiffany Gaines

Entertainment Industry Executive, Tiffany Gaines, currently serving as owner and founder of Shared Success Global, has been building a name for herself as a woman of integrity and professionalism for more than a decade. Currently wearing several hats in both the entertainment and hotel industries, she has soon preserved the highest levels of professional and personal ethics by maintaining a long-term stability in providing access to a network spectrum of quality entertainment sources to both sides of the business. With a bachelor’s degree in Political Science with an emphasis on Law and Society, she has proved herself not only as one with intelligence and skill, but also a serious determined business woman and entrepreneur. She currently represents a select few of international clientele in both Japan and China for those seeking to raise or re-position their public profile in the Entertainment Industry. She’s at present the Executive Board of Director for Forever Young Legacy, LTD, as well as the Business Manager for Curtis Young, Son of the Iconic Dr Dre, former drug kingpin, now currently Amazon’s best seller/Author and Emmy Nominated Freeway Rick Ross serving as a Prison Reform Activist, Motivational Speaker and Philanthropist, Billboard charting, national recording artist and designer Christine Storm, National Recording artist Boneface of Rick Ross Music Group and Pomona Drey formerly of Doggy Style Records/Pimp On Entertainment. In addition to management, she is the CEO of LRT Entertainment, Owner and Founder of SS (Shared Success) Music Group/Blasia’s Entertainment LLC (A global online marketing agency/distribution company currently marketing and distributing for close to 4,000 artists worldwideserving as a DBA under Shared Success Global Inc.), Label Manager for Rick Ross Music Group, Chief Operations Officer for VP Churchill Inc., Vice President of the Network “Timeless” as well as the Creative Director & Producer for both Series “Timeless” and “iGobalTV" on Xperienc On-Demand, the streaming Tv Network. Xperienc On Demand has licensing on almost every major streaming app and platform of which shows aired broadcast to over 270 Million household viewers in the US alone (accessible all over the world) on all Samsung, LG and Vizeo smart TVs and smart devices, Apple TV, Amazon Fire TV, Direct to Netflix, AndroidTV, Youtube TV, Chromecast, Smart TV, Roku, Pluto, Opera TV, Google Play, iTunes, Sony Playstation, Xbox and that is only the tip of the iceberg. The platform offers product placement and purchase technology, LIVE pay per view options, as well as global distribution for all musical projects. XOD is the television channel, network and the record company with distribution for both film and music. Gaines is also known as a contributor. endorser and philanthropist who finds favor in serving as the Vice President of the Foundation/Director of Media Relations for the National Prostate Awareness Association founded by the honorable former US Ambassador, Dr James Hall, one of the most accomplished individuals in the world. In addition to her extensive resume, she is also a partner and International Hotel Broker for the National Hotels Association (A global network offering hotels at discounted wholesale rates holding contracts with over 850,000 hotels worldwide) servicing her entire platform of Artists, Producers, CEO’s, Label partners, promoters, booking agencies and corporate companies saving her clients up to 75% off retail prices online. Over the years, she has held many positions of the entertainment industry from both major to independent, vastly moving around this circle on various prestigious and exclusive levels. She’s an advocate speaker for the youth, supporter of charitable non-profit organizations and meaningful causes and above all gives every bit of the credit of her works to the Most-High.

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