In the current economic crisis, one look at that old 4 Non Blondes CD and you’re only going to see dollar signs. NPR’s April Dembosky reports(HT Eric5776) that used CD retailer and possibly the greatest record store in the country Amoeba Music has been flooded with people unloading their CD collections of late. So much so, their Oakland, CA warehouse is packed with almost 40,000 jewel-cased albums waiting to be put on the shelves.
Amoeba has been forced to lower payouts for the used merchandise, but sellers who were recently laid off or had their work hours reduced are still desperate for the extra cash. Sara Fee of Boston’s Newbury Comics chain confirmed to NPR that the same phenomenon is happening at their stores as well.
Could this be the official death knell of the compact disc? I think it is. For more info, including great quotes from customers and record store employees, click here.