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EMI Spends $50m Per Year To Scrap CDs

EMI Spends $50m Per Year To Scrap CDs

By Piers Fawkes on January 14, 2008

Marc Andreessen points us to a Financial Times article that reports that EMI, who is laying off a third of its workforce, spends 25 million pounds a year to scrap unsold CDs”. Marc comments:

That’s about $50 million — a year. To destroy unsold physical inventory in a world of ubiquitous digital distribution. Oh my.

FT: EMI chief confident of ability to call a new tune

Recent Articles By Piers Fawkes

Piers Fawkes is the founder and editor-in-chief of PSFK, a daily news site that acts as the go-to source of new ideas and inspiration.

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