It seemed like just a short while ago that Starbucks was the new business model but, now they want out. From Variety…
After just a year of operation, Starbucks is getting out of the recorded music business.
Operations for the coffee vendor’s label, Hear Music, which released albums by Paul McCartney, Joni Mitchell and James Taylor last year, are being turned over to Concord Music Group, which has handled back shop operations for the imprint…
Starbucks referred to the moves as a restructuring of its entertainment business to focus on digital strategy and core content with music and books. Starbucks will look for ways to increase wi-fi related offerings and other in-store technology.
Run away! Run awaaayyyy!
I think Starbucks has other problems right now like, they need to sell some coffee. Still, it seems an ominous sign when a label can’t make a go of it with Paul McCartney, Joni Mitchell and James Taylor; even as a loss leader.
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