From Idolator:
Last month, stock analyst Rich Greenfield said that shares in Warner Music Group were worth a mere $7.50, thanks to consumers viewing music as "just above dust bunnies" in the "worth" department. The stock plummeted, and yesterday Greenfield downgraded the stock's price again, saying specifically that reduced floorspace in big-box stores will hurt the recorded-music business even more.
Rumor du jour has EMI and new owners Terra Firma waiting for WMG to fall even further, then trying to finally combine the two companies once and for all.
Ned Raggett picks it up from there:
It’s been a little over year since the implosion of Tower Records, its long-delayed but inevitable execution (rumors had been going on for years), and my multiple visits to the Costa Mesa location were primarily defined by the appearance of those dust bunnies, both the actual balls of detritus and the numerous musical equivalents. As the prices dropped and more and more of the truly great stuff disappeared into the collections of hoarders like myself — and I was still surprised at the good discs I was finding at 80% or more — the saddest thing about it all, beyond the fates of the employees who were stuck looking for work as Christmas approached, were the monstrous piles of multiple copies of one or two discs by some poor sap of a band or an MC whose stock had likely been bought on consignment and whose life’s work ended up practically being given away at a buck a disc, or even a cent.
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