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 […]
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 […]
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 […]
A tribute museum for late Swedish DJ and producer Avicii, the Avicii Experience, is officially slated to open in Stockholm next year, as part of an expansive, seven-floor facility called Space Sweden. Organizers disclosed details pertaining to the Avicii Experience in a press release, which was shared with Digital Music News. Per this press release, […]
An Apple Store is completely cleared out by looters on Walnut Street in Philadelphia. One of the iPhones looted from the Walnut Street location. After witnessing nearly every one of its Apple Stores get cleared out by looters, Apple has proactively disabled every stolen iPhone and connected device. Apple quickly disabled all of the iPhones […]
Photo Credit: Kaiyu Wu Apple stores around the world will begin re-opening this week with new social distancing measures. Apple says its stores in Idaho, South Carolina, Alabama, and Alaska will re-open this week. “Our new social distance protocol allows for a limited number of visitors in a store at one time, so there may […]
(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 […]
Photo Credit: Skylar Sahakian On May 1, Bandcamp waived its revenue share with artists on the platform for 24 hours. Over $7.1 million went directly into artists’ pockets. Bandcamp announced the initiative as a way to give back to the artist community it serves. The site first started waiving its revenue shares on March 20. […]
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 […]
(photo: Jamakassi) Record Store Day UK organizers are preparing to carry out their much-anticipated event while also adhering to social-distancing guidelines and assuring the safety of both employees and customers. Record Store Day UK (RSD UK) planners revealed their updated plans today, and a copy of the new schedule was shared with Digital Music News. […]