Music label woes in era of megastores

November 18, 1996 - MPR’s Chris Roberts reports on the troubling year for the music industry, and the fallout among local labels. After years of double-digit growth, record sales have flattened out and the consumer base for music appears to be shrinking. Part of the problem is an explosion in the number of retail outlets that sell CDs and tapes, creating a situation in which supply far exceeds demand. As a result, distributors and record labels are getting huge numbers of returns, and some are even going out of business. Minnesota Public Radio's Chris Roberts has this report on the fallout among local labels. Roberts interviews Bob Feldman, Red House Records founder; Rob Simons, Rykodisc co-founder; Paul Stark, president of Twin/Tone Record Group; and John Michael, a Best Buy merchandise manager (who says music retailers need an industry-wide advertising campaign, similar to "Got Milk?").