In August, it was bankruptcy; now it's liquidation. Tower Records is no more. Last year, when Michael Markman and Technorati's Peter Hirshberg made the fantastic Day of the Longtail video, from which the screencap at right is taken, the demise of the largest music chain was just a cheeky prophesy. It's stunning how quickly it came true.
Mike at TechDirt describes what led to this end:
While other record stores began to recognize that that they needed to completely revamp their business -- from becoming combination music/dance clubs and stores to starting their own record labels or becoming "destinations" rather than just stores -- Tower Records leadership insisted that the web "is certainly never going to take the place of stores."
Et Tu, Blockbuster?