"It should've been expected," said Jeff Stoltman, a professor of marketing at Wayne State University. "The rate of decay of pre-recorded entertainment -- and especially music -- has been quick as technology has advanced so fast."
Crain's Detroit Business reporter Nancy Kaffer: Known for years as a music distributor with heavy ties to Wal-Mart Stores Inc. and Wal-Mart Canada, the company announced yesterday that it had agreed to sell the assets and inventory of its Wal-Mart-related North American music distribution operation to Amarillo, Tex.-based Anderson Partners, L.L.P. Dealings with Wal-Mart constituted about 70 percent of Handleman’s sales in the last fiscal year.
The music business' new best friends? Apple and Microsoft.