Posted: Sep 28, 2009 1:24 pm |
Edited by: The Driver
Well, my yawn was directed at what Rhino had turned into of late, and the inevitability of the latest announcement. Rhino Handmade would be a significant loss, no doubt about it (Riggler - Rhino Handmade reissued the Game, Dames And Guitar Thangs LP expanded to include the Japanese EP a couple years ago - is this now a general release? vinyl?) The Wikipedia entry for Rhino Entertainment
is worth a read to give the current situation some background. Of note; "In 2003, co-founders and longtime executives Richard Foos and Harold Bronson left Rhino" (Foos then started up Shout Factory) As well, Doug Morris (who was behind the Time Warner acquisition of 50% of Rhino in 1992, through his position at Atlantic Records) went on to create Hip-O Records for MCA, (now Universal Music Group).
Schooley - I'd agree with your comparison to the Tower Records situation; ultimately, the discerning customer loses out. "...the general trend ain't good, and it's going to effect those other places that you like better, too"
Same thing happened to the Book Industry.