Thursday Business Links
Circuit City's record music sales continue to fall. This is from the company's earnings release that came out yesterday: "Comparable store sales of music software declined by double digits, and comparable store sales of video software declined by mid-single digits." (Press release)
Best Buy released earnings for its fiscal fourth quarter. Declines in sales of CDs and DVDs partically offset double-digit gains in gaming hardware and video. (Press release)
Sanctuary will drop new releases from its U.S. label but will continue to sell its catalog. (Billboard.biz)
Sony BMG has a deal with Global Music International to distribute songs, ringtones and videos to mobile subscribers through China Unicom. (News.com)
Zune's director of marketing said the company is looking at ways to push its subscription service. One possibility it has considered is a plan similar to those of mobile phones, where a person signs up for the subscription and gets the phone for free or at a discount. With a cheaper, flash-based model, that could be a good idea. (Computer World)
I don't keep track of these things, but it's probably not every day that Amazon.com's top five CDs are by female artists. Last night the list was, from #1 to #5, Alison Krause, Amy Winehouse, Martina McBride, Lucinda Williams and Norah Jones. Joss Stone, at #9, was the sixth in the Top 10. The next female, Corrine Bailey Rae, was way down at #19.
Music Groups