MORE Indie Invaders / POSTED BY: KINGSOFAR

Federal bankruptcy judge on Friday approved sale of California-based Tower Records to Great American Group, which plans to liquidate the music retailer.

After almost 30 hours of what attorneys described as “robust” and “vigorous” bidding, Great American won with a bid of $134.3 million, beating Trans World Entertainment, which had hoped to continue operating at least some Tower stores, by only $500,000.

Tower said it has been hurt by an industrywide decline in music sales, downloading of online music and competition from big-box stores such as Wal-Mart.

Peter Gurfein, an attorney representing Tower Records, said the company will be sold for an aggregate of $150 million, including the sale of various leases and properties.

Gurfein said Great American plans to begin the liquidation process and going out of business sales on Saturday.

Twitter
Facebook
Newsletter
Recent Posts
  • “There Is Hope” Marks the New Release from Sassy Grace
  • New Artist Feanah Rose Releases First Single “Don’t Leave Me”
  • stella. Drops the new single “Heimlich”
  • Winter Andrews Releases “All That Glitters” Ahead of Debut Album ’til the moon fades away
  • Selina Gin Releases New Single Oh My Heart
  • Shelita Releases New Single Fade Ahead of Upcoming Album
  • Nick Howe Releases New Single Airplane Mode
  • Estella Dawn Reinvents “Skinny Love” with Cinematic Dark Pop Magic
  • Sisters Unveil Haunting Debut “Sweetness of Things”
  • Malachi Mize Brings Hope and Healing with Debut Single “Until Next Time”
  • Alanna A. Love Releases Debut Single “Running Away”
  • Jaya Kellogg Drops Addictive Debut Single “Background Noise”
  • SolyMar: gen.wav & KHR!S João Blend Latin Soul and Electro Vibes in Debut Collab Album
  • ZØYA Returns with Mid-Tempo Anthem of Strength and Self-Worth
  • Estella Dawn Drops First Original of the Year with “Move Down Lover”
  • Louis Torre Finds the “Silver Lining” in New Alt-Pop Single Ahead of Debut Album
  • Ronnie Sets Sail with “Yacht Club,” a Roots-Infused Americana Pop Gem
  • Ava Della Pietra Returns With Haunting Pop Single “2 can play”
  • hyoon Drops New Single “Stupid For You” – A Lo-Fi, Soulful Ode to Toxic Love
  • Almondmilkhunni Drops “New Jerzey” — A Smooth, Soulful Shoutout to the East Coast
  • Bobby Bodega Drops “Gravity,” a Hard-Hitting Return Rooted in the Bronx and Hip Hop Legacy
  • Reuben Medlin Releases Self-Produced Album “It’s A Long Walk Home Pt. 2” Chronicling Recovery and Resilience
  • Brent de la Cruz Blurs Genre Lines with Reflective New Single “Day to Day”
  • Lauren Spring Shares Self Soother About Healing After Toxic Love
  • Abbie Anne Breaks Through Self-Doubt with Honest New Track Miss Mediocre
  • Alyssa Caroline Releases Lovesick About Moving On After Betrayal
  • Savannah Burrows Shares Dreamy Indie Pop Track On Again Exploring Love and Second Chances
  • PEGGY Explores Friendship and Romance in New Single FRIENDS TO LOVERS
  • Michelle Núñez Debuts Cinematic Ballad making the most of it — A Raw, Emotional Reflection on Loss
  • June Releases “Supernova,” a Cosmic Pop Love Song for Dreamers
  • Follow

    Home

         

    About

         

    Contact

         

    Daily Readership

    Copyright 2025 Kings of A&R     Website Design by PaleBird