Wants to cut costs, says must buy from “one stops” like Wal-Mart to sell instead.
The music industry knows how to hang out itself, even if it lacks the correct length pf rope. EMI, certainly reeling from declining physical album sales like the other Big 4 record labels, is now apparently telling independent album retailers that it will no longer sell them CDs.
That’s right, EMI apparently told them over the phone a few weeks ago, an oddly perverse means of notification, that henceforth it will no longer sell them physical albums and that they must go to “one stops” like Wal-Mart or Best Buy to buy product like everybody else to then in turn sell.
“Several I have spoken with are so upset that they vow never to buy any EMI catalog againâ€”or any new artist releases either,” says Wayne Rosso, former president of the P2P program Grokster, on his blog. “Only the certifiable hit product that they know will sell. They will no longer take chances on new EMI artists.”
It’s a odd turn of events for EMI, adding another blow to its physical CD sales while inversely arguing that illegal file-sharing is the real culprit behind declining revenues. If its concerned with losses then why get rid of customers? It just doesn’t make any sense.
Adding insult to injury is the fact that one stops don’t have nearly the selection needed to maintain an indie retailers bottom line, nor could they ever hope to have a price point necessary to make a living.
In short, the loss of EMI’s catalog means the job of indie record stores to stay in business just got even tougher.
Nice job EMI.