An anonymous reader quotes Complex magazine: The future of physical music isn’t looking good. According to Billboard, consumer electronics company Best Buy will no longer carry physical CDs and Target may be following suit in the near future. Best Buy notified music suppliers that they will cease selling CDs at stores beginning July 1. The move is sure to hurt the already declining sales of CDs as consumers are switching to streaming platforms such as Spotify, Apple Music, and Tidal in large numbers. CD sales have already dropped by a sizable 18.5 percent in the past year, Billboard reports. Billboard also reports Target has given an “ultimatum” to music and video suppliers. “Currently, Target takes the inventory risk by agreeing to pay for any goods it is shipped within 60 days, and must pay to ship back unsold CDs for credit… Target has demanded to music suppliers that it wants CDs to be sold on what amounts to a consignment basis…” “If the majors don’t play ball and give in to the new sale terms, it could considerably hasten the phase down of the CD format.” Read more of this story at Slashdot.
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Are Music CDs Dying? Best Buy Stops Selling CDs
Slashdot reader rudy_wayne writes: Despite constant claims of losing billions of dollars to “piracy”, the North American box office closed out 2016 with $11.4 billion in ticket sales. That marks a new record for the industry, bypassing the previous record of $11.1 billion that was established in 2015. Disney had four of the top five highest-grossing films, including “Finding Dory, ” the year’s top film with $486.3 million. “When holdovers are taken into account, Disney had six of the year’s ten highest-grossing releases, a group that includes Star Wars: The Force Awakens, which debuted in 2015, ” reports Variety. Other top films include Rogue One: A Star Wars Story ($408.2 million), Captain America: Civil War ($408.1 million), The Secret Life of Pets ($368.4 million), and The Jungle Book ($364 million). Disney “controlled more than a quarter of the domestic market share despite releasing fewer films than any of the major studios, ” according to the article, which notes that the record was achieved despite the absence of big releases in several major movie franchises partly through higher ticket prices (and possibly also inflation). Read more of this story at Slashdot.
Yet another new restaurant with robot servers has opened in China. And the owners seem determined to test Disney’s patience with intellectual property laws. Why? The name of the restaurant is apparently Wall.e — just like the cute little robot worker from the 2008 Pixar film. Read more…