Tower Records

Buzz Watch: The White Stripes New Album Rocks on both Digital, CD and Vinyl

Authored by Jay Baage on June 18, 2007 - 9:40pm.

The American duo The White Strips transcend time. Not only do they sound like they made their music in the 60s or the 70s, they have people standing in line for the new album at the now closed Tower Records store in Hollywood, reopened just for this! Plus they break new records in sales of vinyl. Yes, that’s right, seven-inch black vinyl discs. The White Stripes is a band that just sounds better on vinyl. It's as simple as that.

Career Moves: May 23, 2007

Authored by Scott Goldberg on May 23, 2007 - 11:01am.

Career Moves is made possible by @HIRE.

Former Tower Records Japan CEO Keith Cahoon has been appointed to the newly created position of director of iTunes Japan, Billboard has learned. At press time it was not known to whom Cahoon will report. Industry sources say Cahoon's appointment, which has not been officially announced, took effect April 1.

tags: Career | Moves | Tower Records |

Buzz Watch: The Tower Records Era Is Over, The Future Is Digital

Authored by Jay Baage on November 22, 2006 - 11:01am.

A picture says more than a thousand words - The Digital Media Wire team gets a reminder of how digital distribution is a game changer every time we walk out from our offices on Sunset Boulevard in West Hollywood and see the "Going Out Of Business Sale" signs that now cover the front of the legendary Tower Records store. It is always sad when an era comes to an end, but it is also very exciting to see what comes next in the post Napster and iTunes era. On that note, the new Microsoft Zune player is currently being reviewed by our team. Keep your eyes out for a complete online review next week.

Bankrupt Tower Records Sells Assets, Will Close Retail Stores

Authored by Mark Hefflinger on October 10, 2006 - 4:56pm.

Los Angeles - Music retailer Tower Records will shutter its 89 U.S. locations, a result of the sale of the bankrupt company's assets at auction on Friday to liquidation firm Great American Group for $134.3 million. An e-mail sent to employees from Tower CEO Joseph D'Amico said in part: "My heart goes out to each of you who have poured your hearts and souls into this great company," according to The Hollywood Reporter, which also quoted Tower attorney peter Gurfein as saying liquidation and going out of business sales launched over the weekend. Bidders for the assets of the 46-year-old company included fellow music retailer Trans World Entertainment (FYE), and Radius Equity, which had promised to keep Tower Records stores open. The company's online store at Tower.com was sold separately from the real estate holdings, and on Tuesday was still operating.

Lead Bidder for Tower Records May Shut Retailer Down

Authored by Mark Hefflinger on September 14, 2006 - 12:28pm.

Sacramento, Calif. - Tower Records parent company MTS Incorporated announced on Wednesday that Great American Group has been selected as lead bidder for the bankrupt music retailer's assets. Woodland Hills, Calif.-based Great American Group is a provider of asset management, disposition and financial services -- an indication that Tower might be shut down entirely if the company's bid is successful.

Bankrupt Music Retailer Tower Records Expects Imminent Sale

Authored by Mark Hefflinger on August 21, 2006 - 12:45pm.

Sacramento, Calif. - Bankrupt music retail store chain Tower Records has announced plans to sell the company before the holiday shopping season through a Chapter 11 proceeding. The company added that it has secured $85 million in debtor-in-possession financing, which will fund operations while it completes the sale.

Tower Records Appoints Interim CEO, Seeks Sale of Company

Authored by Mark Hefflinger on July 28, 2006 - 12:52pm.

Sacramento, Calif. - Music retail store chain Tower Records announced on Friday that it has named Joseph L. D'Amico as its interim CEO, and hired the investment bank of Houlihan Lokey Howard & Zukin to sell the company.

Tower Records to Launch New Music Download Store Tuesday

Authored by Mark Hefflinger on June 26, 2006 - 1:40pm.

Los Angeles - Music retail store chain Tower Records plans to launch a new digital music store on Tuesday that will be powered by Puretracks, which operates a popular service in Canada, according to The Hollywood Reporter. The service will initially offer a library of 1.2 million tracks, available for 99 cents each or $9.99 for full albums.

Washington Post: Tower Records to Launch Indie Tunes Podcast

Authored by Mark Hefflinger on March 7, 2006 - 4:29am.

Washington - The Washington Post reported on Tuesday that struggling music retailer Tower Records plans to launch a podcast of independent-label music next week from the South by Southwest Music Festival in Austin. Texas. Tower, which filed for bankruptcy in 2004, has assembled the podcasts with 6,000 songs provided by the Independent Online Distribution Alliance (IODA), and will use distribution technology from San Francisco-based Outhink.

tags: Music | Washington Post | Tower Records | ndie Tunes Podcast |