Large Retail Stores Gain Larger Control of the Music Market
February 14, 2006
By Latin Pulse Music
As of November 2004, Wal-Mart, Target, and Best Buy stores have gained control of a larger percentage of the music market. Chain stores still control half the music market but these three companies have sold $1.3 billion more CDs than they did in 1996. Now they capture one-third of the market.*
An average Wal-Mart carries about 5,000 titles. This means that if you want to be categorized as a major commercial success your label better have that Wal-Mart account. Don't count on the chain stores or independent outlets to 'even the playing field' and neutralize the force of these large discount stores. There is only one sector of the market that can change this -download music sites.
**We ran across this article (source rollingstone.com - issue 960) which is now 2 years old. Funny how it's still incredibly relevant.