5/24/2007
Vaughn "doublewhiskeycokenoice" C. says:
I mean, if Tower as a chain couldn't sustain itself, who knows if the others will.
James, to answer your question... yes and no. It's pretty complicated. The reason why places like Tower, Coconuts, and Virgin had excessive prices was because the RIAA pushed it to those limits. Remember the class action price gouging lawsuit a few years back?
The bigger chains never disputed it. The only one that did was Best Buy, who sell their CDs under wholesale as a loss leader to entice folks to buy DVD players/washers/etc. This REALLY killed the independent record store (when I worked at one, we used to go to Best Buy when they opened to get new releases because their rates were lower than our distributors).
The only thing I had against Blockbuster is that they took over an indie in my hometown that allowed you to purchase a CD, open it, and then return it. That, and their selection really sucked.