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Best Buy to phase out CDs and shut them down on July 1st



Did you ever think that you would see a day when you could buy records but not CDs?

According to Billboard, you will find Best Buy from July of this year. The dealer allegedly wants to get all CDs from his stores by then.

The Everyday Everyday Digital Music Format Increases Harder in the US

SEE ALSO: The Last Blockbuster Video Library in Texas Closes Its Doors Forever

CD sales fell 18.5 percent last year, and some experts leave Best Buy CD revenue at only $ 40 million a year. But there is an interesting twist. The store is required to keep records for the next two years.

The vinyl format has seen a revival lately.

In the coming months you will probably also see fewer CDs at Target stores.

According to executive reports, they insist that they only pay music companies for the records after selling them instead of paying in advance for the inventory.

RELATED: Music Formats Have Always Changed

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