What HMV Tells Us About the Death of Physical Media Products
Date: Sunday, January 09, 2011 @ 18:07:26 UTC

UK media retailer HMV has announced that it will close 60 of its UK stores following very disappointing Christmas period sales. The cold snowy weather has been blamed in part, but that is like blaming a common cold for a plague sufferer's demise. The rot set in long ago and largely (though not entirely) due to factors outside of HMV's control. Consumers are falling out of love with physical media products and unfortunately are not yet anywhere close to entering into whirlwind romances with premium digital products. The Media Meltdown loosened the monopoly of control enjoyed by media companies and retailers. We are currently in the midst of a painful transition, and we don't yet have a set of next generation media products that consumers will pay for on the scale they paid for physical products. Complete Article

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