[BC] Tower Records in trouble

[Harold Hallikainen]

> Barry,
>
> Recent reports indicate Tower Records is close to sale or bankruptcy,
> whichever comes first.
>
> Apparently they owe a lot to the record companies, some of whom have
> stopped shipments to Tower.
>
> Guess all those increased RIAA fees to broadcasters sure didn't help
> the record stores enough. Oh wait - you mean the record companies
> kept all the money?  Who'd a thunk?
>


Record retailers are probably being hit with the same issues as the record
producers, that being consumers finding other sources for the music. Those
include legal online sales, illegal online file transfers, and other
unlicensed copying of music. As I mentioned earlier, where I work, no one
seems to pay any attention to copyright. Employees gladly make copies of
music and movies for each other. I'm sure it's pretty widespread.

Harold


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