Creative Destruction

by on October 8, 2006 · 2 comments

Tower Records is going out of business. It turns out that in the 21st century, shipping little plastic disks to brick-and-mortar retail stores is not a very lucrative way to distribute music. I expect we’ll be seeing more announcements like this one in the years to come, as the Internet cannibalizes 20th century music distribution and promotional models.

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