WSJ.com // Jackson Fans Swamp Amazon and iTunes
[Via – WSJ.com] By Scott Morrison and Ben Charny
“Michael Jackson’s sudden death returned the pop superstar to the top of the music charts, with grief stricken fans swamping Internet sites such as Amazon.com Inc. (AMZN) and Apple Inc.’s (AAPL) iTunes in a frenzied bid to snap up his songs and videos.
Amazon said sales of Jackson CDs were more than 700 times greater on Thursday than they were the previous day and accounted for 60% of all music sales on the site yesterday. Demand was so great that Amazon ran out of stock within minutes after his death was reported, the company said.
Bill Carr, Amazon’s vice president for movies and music, said the company was on pace to sell even more Jackson music on Friday. Carr said Amazon was working with Sony Corp.’s (SNE) music unit to restock supplies as quickly as possible, but shoppers buying Jackson material will now have to wait one to three weeks before it is shipped.
Carr said the outpouring of grief over Jackson’s death was “staggering” and he noted that in 10 years at Amazon, he had never seen a spike in sales such as the company has seen for Jackson content.” Continue Reading Wall Street Journal Article (Click Here)
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