Jolted: Starbucks Walks Away From Music Business…


	Jolted: Starbucks Walks Away From Music Business…

axgrndr

4-25-2008 6:24 PM

337 views

axgrndr says:

The music business if very unforgiving.....

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ee06cf2f-f928-4ab0-8ebd-ad0c20d8419c/12D34911-49A5-4A4B-9349-DDD88D12FD4D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/" href="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/" style="font-size: 11px;">www.kingsofar.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/"><P>Starbucks has decided to walk away from the recorded music business.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/"><P>Instead, ‘Starbucks will hand over day-to-day management of its year-old music label to Concord Music Group, as it strives to <A href="http://www.variety.com/article/VR1117984624.html?categoryid=16&cs=1">contain costs</A> and rejuvenate its coffee shop business’.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/"><P>‘Just recently Starbucks unveiled its Hear Music label with great fanfare. Paul McCartney was the first artist to release an album under the Hear Music label, which has since also released CDs by Joni Mitchell and James Taylor, among others’.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/"><P>Ken Lombard, who oversaw Starbucks’ music unit for much of its existence, is also leaving the company.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/"><P>This isn’t the first time Starbucks had a failure. In 2006, Starbucks promoted a movie, “Akeelah and the Bee,” which turned out to be a <A href="http://www.cnbc.com/id/24311191">box office flop</A>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/"><P>‘It also scrapped a plan to allow customers to create customized CDs in its stores’.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kingsofar.com/2008/04/25/jolted-starbucks-walks-away-from-music-business/"><P>“There are people who can handle it better,” Bob Goldin of industry research firm Technomic <A href="http://www.cnbc.com/id/24311191">said</A> of Starbucks’ music business.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/12D34911-49A5-4A4B-9349-DDD88D12FD4D/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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