South Korean Music Stores Going Out Of Business
from the this-is-a-good-thing... dept
While it’s likely that the recording industry in the US will use the story of how the vast majority of record stores in South Korea have been shut down as a “warning” of what will happen in the US, they’ll probably be learning the wrong lesson. Makers of horse-drawn carriages had problems, too, when the automobile caught on. In fact, as some have been saying, the real problem with the industry isn’t the record labels, but the record stores who have made it impossible for labels to change. If the record labels really started pushing music online, it would lead to incredible channel conflict with the retailers and the distribution chain they’ve built up over the years. However, as those retail stores start going out of business, then perhaps the record labels will be a lot more willing to innovate. At the same time, it looks like some of the more long-term thinking retail outlets in Korea are adjusting. The store profiled in the article is now selling more consumer electronics and MP3 players than CDs, realizing the times are changing, and if more people have MP3 files, they might as well be selling the equipment to play those files.