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What Can Bookstores Learn From Tower Records?

Colin Hanks has raised more than $50,000 for a documentary about Tower Records on Kickstarter. Booksellers, writers, and publishing professionals should keep an eye on this documentary–it should provide crucial intelligence about how the digital shift can change an industry.

Here’s more from Social Times: “the creation of a unique corporate empire that somehow, despite the odds, managed to be both profitable and a unique haven for employees and customers alike. Although the company was massively successful (in the year 2000, Tower Records reported a billion dollar fiscal year) it soon began to feel the effects of a changing marketplace brought about by digital music distribution. In 2004 Tower Records filed for bankruptcy and by the end of 2006 almost every one of its stores had closed.”

Welcome to our Kickstarter Publishing Project of the Week, a feature exploring how authors and publishers are using the fundraising site to raise money for book projects. If you want to start your own project, check out How To Use Kickstarter to Fund Your Publishing Project.

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