Bought a new CD lately? Not many have.
While the music industry continues to prop up CD’s, the dwindling compact disc format has just suffered a major blow; Best Buy has announced that they won’t be selling CD’s anymore.
As reported by ‘Billboard’, the electronics giant told its music suppliers it will stop carrying CD’s as of July 1st. Vinyl, an industry that – ironically enough – was supposed to eliminated by the arrival of the compact disc back in 1982, will continue to have a place on Best Buy’s shelves, fulfilling a commitment to vendors that the chain would carry LP’s for the next two years.
While sad, this news can’t come as much of a surprise. Best Buy’s CD selection has been significantly reduced in recent years. Still, it’s a pretty safe bet that this move will likely accelerate the decline of the CD format. What’s not immediately clear is if Best Buy’s decision will impact Canada and the U.S. in the same way; the report in ‘Billboard’ suggests that this is a company-wide change, rather than a region-specific policy. What makes it particularly heavy hitting north of the border is that Best Buy absorbed Future Shop, another huge retailer for CD’s, a couple of years ago.
Oh, and more bad news, CD lovers; ‘Billboard’ also revealed that Target is making a shift to selling CD’s and DVD’s on a consignment model – meaning that the store would only pay for CD’s and DVD’s when they are sold, and the financial risk would fall on the music and video suppliers….i.e., good luck finding those eclectic titles. Of course, this doesn’t impact Canadians as Target went bye-bye in our neighborhood back in 2015.
What do you think? Sad that CD’s are being ushered out, or good riddance? ~ Jason