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Tower Records who just launched its own digital download store is in serious trouble.
Universal Music Group, Warner Music Group Corp. and EMI Group confirmed each had stopped sending albums to Tower Records, and record executives said the the cutoff is due to unpaid bills, the Los Angeles Times reported Friday. If the music companies shut off Tower Records for long, the company might have to shut down its 89 locations, including their famed location on Los Angeles’s Sunset Strip, the Times said. The writing is on the wall, the sale of physical CD’s is at its tipping point.

(Los Angeles Times)

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