Monday, August 18, 2008

walmart noticing nobody wants to buy cd's...bingo


WalMart may have the exclusive release of ACDC's new album dropping this fall, but that might be some of the last music the retailer will carry. Like everyone else, they have finally realized the lack of demand of music through mediums such as WalMart (the decline began at those obsolete brick and mortar music stores like Tower Records, Sam Goody, etc). And the demand curve for music at WalMart is even more kooky, because it is based on the impulse purchase demand and not music listener demand. That's how WalMart, Target and Best Buy sell the vast majority of music in the US. People who want to buy music use iTunes and Amazon, people who want to buy dishwasher detergent and cereal and happen to walk past the music section and see Tim McGraw on the shelf for $6.99 buy music at WalMart. As soon as they start to take away that inventory, people will obviously stop buying, but those sales won't carry over to online music stores...they'll just kind of die.

Somber, just like to music industry. Bronfasauras, take note.

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