Can the Vinyl & CD Business Survive Coronavirus?

  • 📰 billboard
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Facing the coronavirus pandemic, music shops are struggling to survive and Amazon is focusing on household goods, but what's in store for physical retail?

, one of two facilities that make the lacquer plate needed to press vinyl."It's hard not to be a conspiracy theorist and wonder if the powers that be in the music industry are trying to get rid of physical music," jokes one indie label owner.said that they can continue to cover their payroll and rent for weeks -- but not months.

"Every day there is something new from the government, whether that be local, state or federal," says, general manager of Newbury Comics, which has 28 stores in New England and New York State -- 23 of which have closed temporarily. The Bull Moose and Silver Platters chains have closed all of their shops but continue to do business on their websites and through retailers like Amazon Marketplace.

Amazon, which is thought to account for about 15% of the vinyl business, has said it will not buy more product from music vendors until April 4, in order to focus on selling household goods, but the company is still fulfilling orders for music it has in stock, and Alliance is filling others when Amazon directs it to do so.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in AU

Australia Australia Latest News, Australia Australia Headlines