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Record-Rama was founded by Paul C. Mawhinney, a collector of vinyl records. He opened the store in 1968 in Ross Township, Pennsylvania. [2] According to the store's website, Mawhinney was a significant help in restarting David Bowie's career by getting fellow Pittsburgher and RCA boss Tom Cossie to re-release the album Space Oddity in 1972 after its initial release in 1969 failed to hit. [3]
Collectors' Choice Music (CCM) is an Itasca, Illinois-based record label and retailer of music on CD. Originally the company was primarily in two businesses, but since 2010 only in the second. [1] [2] CCM was best known for reissuing albums originally released in LP record form as compact discs. [3]
[15] [16] The success of the compact disc has been credited to the cooperation between Philips and Sony, which together agreed upon and developed compatible hardware. The unified design of the compact disc allowed consumers to purchase any disc or player from any company and allowed the CD to dominate the at-home music market unchallenged. [17]
They take a fee or percentage of sales for their services and cut the labels a check at regular intervals. In turn, the labels are supposed to pay royalties to their artists from those music sales." [1] Mordam Records was one such independent record distributor, concentrating on the wholesale sale of punk rock records, compact discs, and magazines.
Record sales or music sales are activities related to selling music recordings (albums, singles, or music videos) through physical record shops or digital music stores. [ 1 ] [ 2 ] [ 3 ] Record sales reached their peak in 1999, when 600 million people spent an average of $64 on records, achieving $40 billion in sales of recorded music.
CDnow, Inc. was a dot-com company that operated an online shopping website selling compact discs and music-related products. In April 1998, during the dot-com bubble, the company was valued at over $1 billion (~$1.74 billion in 2023).
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