Audio By Carbonatix
, according to Telegraph.
Now that the digital era has taken over, vinyl has become a niche market, which generally makes sales insignificant enough that they aren’t generating a profit for Mercury anymore. Furthermore, handling excess stock causes Mercury Records some monetary loss in the market for music singles as well.
Physical singles only make up one percent of the overall market for physical singles nowadays.
Could it only be a matter of time before Mercury, or other record labels, stop producing CDs? Will downloads completely rule the market one day despite the convenience of compact discs? Either way, it’s sad that Mercury has plans to can a great piece of history.
More daily music news and gossip about Eddie Vedder, the Juno Awards, and Rob Zombie after the jump…
Pollstar: Slayer, Zombie to Unleash ‘Hell on Earth’Stereogum: Death Cab For Cutie Release Song ‘You Are a Tourist’Evening Box: Arcade Fire Win 4 Juno 2011 Awards, Neil Young and Justin Bieber 2, and the Complete List of WinnersConsequence of Sound: Eddie Vedder Rolls Out 2011 Summer DatesNME: The Strokes’ Albert Hammond Jr. Opens Up About ‘Hardcore’ Drug Problem
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