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, Owner and Founder of Shared Success Global (A global online marketing agency/distribution company currently marketing and distributing for over 4000 artists and 40 sub labels worldwide), has been building a name for herself as a woman of integrity and professionalism for more than a decade. Gaines graduated from the University of California, Riverside with a Bachelor’s in Political Science, and an emphasis in Law and Society. She has since proved herself as not only one with intelligence and skill, but also a dedicated business woman and entrepreneur. Currently wearing several hats in both the entertainment and hotel industries, she has 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, former drug kingpin, now currently Amazon’s best seller/Emmy Nominated/Author Freeway Rick Ross, Pomona Drey, formerly of Doggy Style Records/Pimpon Entertainment, American Rapper X-Raided, Son of the late legendary Nate Dogg, Lil Nate Dogg, Billboard charting, national recording artist/fashion designer Christine Storm and 9 times award winning actor Charles D. Clark. In addition to Management, PR and Media Services, she is currently the CEO of LRT Entertainment, Label Manager for Rick Ross Music Group, Chief Operating Officer of Amada Records, Senior Marketing Director of VP Churchill Inc (A high-end apparel company providing options of expression that allow sophisticated consumers to set their own unique distinctions through customization and sublimation. ) and one of the executive directors and content providers of Xperienc. (A three-prong company, catering to the distribution needs in music, videos on demand, streaming services for television shows, short films, movies, documentaries etc licensed with TV app platforms such as Samsung TV, Android TV, Apple TV, Roku TV, Firestick, Playstation, Xbox) just to name a few. Gaines is also a partner and international hotel broker for the National Hotel’s 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 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 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 such as The National Prostate Awareness Association serving on the board of directors spearheading as director of Media Relations and other meaningful causes of the like. And above all gives credit of her works to the Most-High.

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