At one time not too long ago, Tower Records was the biggest record chain in the universe. In 1999, it grossed $1 billion through its stores in 30 countries on five continents. Seven years later, Tower was dead, bankrupt, killed by piracy, the rise of digital downloads and the fall in sales of physical product like CDs. The company never even got a chance to get a piece of the vinyl boom, which really didn’t start until two years after Tower was dead.
There’s a new documentary coming from Colin Hanks (Tom’s son ) called All Things Must Pass. It’s a look at the fall of Tower Records and features interviews from people like Bruce Springsteen and Dave Grohl (a guy who once worked as a clerk at Tower, something he remembers as his worst job ever.) It looks great. Watch for the doc All Things Must Pass this fall.