.
Fall of Tower?
08/07/06
.
(TuneLab) Digital sales are up. Retail record stores sales are down and Tower Records has been one of the hardest hit. The LA Times is reporting that Universal Music, Warner Music, Sony BMG and EMI have stopped all shipments of albums to Tower stores around the country due to unpaid bills. The news comes after Tower appointed Joseph D'Amico, who has been described as a "crisis management and bankruptcy specialist", as its new CEO.

Tower has also reportedly told the labels that they would not be paying outstanding invoices. [see full story for more] - Click here for the Full Story

Note: The preceding story contained only the highlights of the full story published by TuneLab, if it was followed by a message to see the full story. To read the entire story click on the link following the story.

Additionally, if you wish to comment on this story, please use the Fan Speak area below.

Click here to return to the full Day in Rock report for 08/07/06

antiMUSIC News featured on RockNews.info and Yahoo News

.
advertisement
Day In Rock

Alice in Chains Cancel Tour Dates Due To Medical Emergency- Three Days Grace Announce New Album- Oasis Full Catalog Goes Dolby Atmos- more

The Who Announce North America Farewell Tour- Lost 1976 Motorhead Album Set For Release- Lou Gramm To Host Benefit For The Foreigner Musical - more

Day In Country

Blake Shelton Streams New- Thomas Rhett- Morgan Wallen- Dierks Bentley' Standing In The Sun' Video- Lainey Wilson Takes Top Honor At 60th ACM Awards- Reba- more

Day In Pop

The Weeknd Taps Doechii And Playboi Carti For 'Timeless' Remix- Fetty Wap Returns With 'Forever (71943509)'- Ed Sheeran Shares 'Old Phone' Video- Lorde- more

Reviews

Live: Pearl Jam Rock Nashville

On The Record: Steely Dan- Stevie Wonder- Smokey Robinson

Mother's Day Gift Guide Part 2

Mother's Day Gift Guide Part 1

Billy Idol - Dream Into It

Latest News

Alice in Chains Cancel Tour Dates Due To Medical Emergency

Attack Attack! Announce First New Album since 2012

David Lee Roth Shares Trailer For Summer Tour

Oasis Full Catalog Released On Spatial Audio With Dolby Atmos

KISS Share New Fan Curated Playlist

Steve Hackett Announces 'The Lamb Stands Up Live At The Royal Albert Hall'

Dustin Douglas & The Electric Gentlemen 'Drunk And Alone' In New Video

Three Days Grace Announce New Album Featuring Adam Gontier