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

Owner & Founder of Shared Success Global and Entertainment Industry Executive Tiffany Gaines, 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. She’s at present, the business manager for Curtis Young, Son of the Iconic Dr Dre and Executive Board of Director for Forever Young Legacy, LTD, while also holding several other positions such as the Business Manager for former drug Kingpin, now currently Amazon’s best seller/Author Freeway Rick Ross, Urban Pop sensation, singer/songwriter Myko of Rick Ross Music Group and Billboard charting, national recording artist and designer Christine Storm. 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 worldwide), Label Manager for Rick Ross Music Group and Senior Director of Marketing for Monsta Squadd Global and the host of the Underground Over Mainstream Movement aimed at offering worldwide recognition to underground artists who deserve to be honored and recognized just as much as the next mainstream. 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. 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 750,000 hotels worldwide) servicing her entire platform of Artists, Producers, CEO’s, Label owners, 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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