Warner Music Issues Potentially Devastating Blow to Small Record Stores
WEA, Warner Music’s distribution and marketing arm, has shut down the accounts of “about a hundred” retailers that did less than $10,000 in business with the company last year, a WEA source has confirmed to Pitchfork. The move put into effect an existing policy requiring a $10,000 minimum annual order for stores holding direct accounts with WEA. This could have a devastating effect on small record stores around the country, representatives for various shops tell Pitchfork.
A WEA rep said in a statement: “WEA proudly supports hundreds of independent vinyl retailers across the country with direct distribution, and many more through other channels. Last week, in accordance with our long-time policy, we recommended that a limited number of retailers would be better served by working with one of the many vinyl wholesale partners that carry all of our artists’ releases.” via Pitchfork