Planet M To Allow In-Store Digital Downloads As CD Sales Wane; Entering DVD Rental Business

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Music store Planet M will soon introduce digital music downloading in its stores nationwide to counter the decline in CD sales. [via BusinessofCinema.com]The plan is to place kiosks with downloading software in stores for customers to download songs available at the store. There are about 75 Planet Ms in the country and a few more outlets will be opened in 2008. The digital music plan will be rolled out around Diwali this year.

Nikhil adds: PlanetM, which is a Times Group company, has also tied up with Essar Telecom Retail for housing outlets of The Mobile Store in up to 40 PlanetM outlets [via ToI]. Now the company is also planning to enter the VCD/DVD rental business (via ET) and open 500 stores in four years, including 100 outlets in Tier-II cities in the next 12-18 months. I’m wondering if Indiatimes will host a VCD/DVD rental site for PlanetM; there’s obvious synergy.

3 Comments

satyam sharma

this is very good move by planet M management as it will be beneficial not only for end users but also for the company where it will have different positioning in the minds of customer.Even i am very much excited about the cd rental plan ,now i will not have to loose large chunk of money in buying cds.

shekhar

but mobile store facility will be finish after this plan

deepak

These ideas if implemented will be very useful for the end consumer.

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