Showing posts with label Concord Music Group. Show all posts
Showing posts with label Concord Music Group. Show all posts

Friday, February 12, 2016

Record Label Opens Its Own Brick And Mortar Store

Stax of Wax record store imageMaybe this is the way it should be.

Concord Music Group, which owns a variety of record labels and is home to prestigious artists like Paul McCartney, James Taylor, Chick Corea, Alison Krauss, Ben Harper, Arturo Sandoval, Booker T. Jones, Kenny G, George Benson, Steve Martin and Alejandro Escovedo, has opened up it's own brick and mortar record store.

The store, called Stax of Wax, is in the upscale Malibu Country Mart in Malibu, California, and features products from its various labels, although it pays tribute to the soul label of the same name.

Of course, this avenue isn't new, as labels over the years have owned their own record stores both in the US and the UK. In fact, Jack White's Third Man Records has had its own store in Nashville almost since the label's inception.

It does make a lot of sense these days though, even for major labels, although it's doubtful they'd get behind the idea. Label-branded record stores could control the inventory, promote the latest releases and add a presence in the community that it now lacks.

Just as many of the larger indie stores like Ameba offer artists a way to promote their work with in-store performances, a label store could also be a place for showcases to find new talent as well.

On a creative level it makes total sense, although it's hard to say if it works on a financial basis.

Either way, support you local record store. It's still vital to the success of the music business.


Tuesday, February 24, 2015

Starbucks To Stop Selling CDs

Starbucks music image
Even if you wanted to buy a CD, it's getting more and more difficult as retail music stores everywhere continue to close. Starbucks is joining that lot by ceasing to sell CDs and selling off all of its inventory next month. It will stop selling them completely at the end of March.

Starbucks 21,000 stores sold 3.6 million units last year worth $65 million. The coffee giant limited its inventory to only 20 titles or less at a time, and most of these were designed to fit the Starbucks brand.

The company had an exclusive deal with Concord Music Group to supply titles by everyone from Paul McCartney, Diana Krall, Tony Bennett and Alanis Morissette, among others. It also featured a limited number of current hit titles as well, such as Taylor Swift's 1989 and the Frozen soundtrack.

According to a rep from Starbucks, the company will remain involved in music, but only in its digital form, although there was nothing specific about how that will be implemented.

CD sales dropped 15% last year and this year the drop may be even steeper. That was probably going to be the case even if Starbucks had continued selling the format, since its sales amounted to less than 1% of the total CD total in the US.

It's just another sign of the times that the music world we live in is now a digital place.

You should follow me on Forbes for some insights on the new music business, Twitter and Facebook for daily news and updates on production and the music business.


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