The market giveth, and the market taketh away…
We commented last week on somber news about CD sales at the wholesale level, mentioning the recent demise of long-time bluegrass and old time wholesale distributor, The Record Depot. Their closing has had a profound effect on a great many bluegrass-themed businesses, not only for the loss of a trusted vendor or customer, but also for the omen it may portend about the future of recorded music sales in the bluegrass world.
On a cheerier note, Music Shed has just announced the launch of a wholesale division to serve fellow music retailers who stock and sell bluegrass. The company is owned and closely associated with Pinecastle Records, in much the same way that Record Depot was once affiliated with Rebel Records.
They maintain a large inventory of CDs, DVDs, books and box sets which they have offered to retail customers for many years, and now this same catalog will be available to resellers as well.