Hot on HuffPost Tech:

See More Stories
AOL Tech

Starbucks Eliminating CDs and iTunes Gift Cards From Its Shops

Starbucks Feels the Music Industry's PainWith file sharing, the death of independent radio, and out of touch record labels, the music industry hasn't exactly been flourishing lately. CD sales are way down, and while online music sales are way up, they're not exactly filling the gap. Unsurprising, then, that coffee uber-franchise Starbucks is scrapping its foray into the music distribution business, focusing instead on what it does best: coffee.

Starbucks had aspirations of turning into not just a cool place to get hot Venti Lattes in the morning, but also a place to check out new artists and buy a CD or three while you sipped and chatted. Those plans started with a rack of CDs at stores, along with iTunes gift cards, and a new music label. But when it was revealed that each store was selling only two discs per day, it was clear that people were coming for the caffeine kick and little else.

The chain will still continue to sell a few CDs here and there, but its upstart music label has been sold off, leaving fledgling bands with one fewer venue to get their music out there. And thus the cycle continues. [Source: Silicon Alley Insider]

Tags: breaking news, BreakingNews, cd, music, music business, music industry, MusicBusiness, MusicIndustry, starbucks

Comments

2