Music Industry News

Amoeba Music Is Reopening Next Week After a Year In COVID Hibernation

About 11 months after launching a GoFundMe campaign in a desperate bid to stay financially afloat, Amoeba Music is preparing to open its new Hollywood location. The 21-year-old record-store mainstay just recently announced plans to welcome customers to the new Amoeba Music Hollywood, located at 6200 Hollywood Boulevard. Early last year, Amoeba confirmed (in a […]

Music Industry News

Guitar Center Officially Cleared to Exit Chapter 11 Bankruptcy

A Guitar Center store in Houston, Texas. (photo: Brian Reading) About one month after formally moving to restructure its debts, Guitar Center has been cleared to exit Chapter 11 bankruptcy. The 61-year-old music-retailer chain recently announced that a Virginia bankruptcy court had approved its reorganization plan. As detailed in last month’s release concerning the intention […]

Music Industry News

Guitar Center Is Officially Entering Chapter 11 Bankruptcy

A Houston, Texas, Guitar Center location. Photo Credit: Brian Reading Less than one month after rumors of a potential bankruptcy filing began circulating, Guitar Center is officially entering Chapter 11 bankruptcy. Guitar Center recently announced the “comprehensive” restructuring plan, which follows Moody’s downgrading the Westlake Village-headquartered company’s credit rating earlier this year. “Key stakeholders” have […]

Music Industry News

Bandcamp Sales Top $20 Million During the Past Month Alone

Photo Credit: Agnieszka Kowalczyk Bandcamp sales top $20 million as the site flourishes during the pandemic. That’s mostly thanks to its commitment to supporting its artists. The online music retail platform sells .mp3 downloads, vinyl records, CDs, cassettes, and even merchandise. Bandcamp only collects a 15% revenue share from all its sales – that’s less […]

Music Industry News

California Allows Record Stores to Reopen — With Conditions, Of Course

(photo: Clay Banks) As part of its plan to gradually lift COVID-19 restrictions, California is allowing record stores to reopen. However, government officials have laid out bolstered sanitization protocols and health-oriented guidelines for businessowners, their employees, and customers. Businessowners are directed to these measures through California’s “Resilience Roadmap” webpage. Per the entry, the state has […]

Music Industry News

Seattle’s Iconic Bop Street Records Is Going Out of Business

Photo Credit: Unsplash Seattle’s iconic Bop Street Records is permanently closing its retail store as a result of economic strains stemming from the novel coronavirus crisis. Bop Street founder and owner Dave Voorhees recently took to Facebook to make the unfortunate announcement. His Ballard, Seattle, storefront will shut down “by June 30th,” per the mentioned […]