Saturday, June 27, 2009

Amazon, other retailers quickly sell out of Michael Jackson music

The death of pop music icon Michael Jackson at the age of 50 is leading to a surge of music sales at Amazon.com and other online retailers. The AP reports that Amazon sold out of its stock of Michael Jackson and The Jackson 5 CDs soon after his death was reported.  

Amazon has devoted the right hand corner of its Web site to a tribute to Jackson, linking to a full catalog of his groundbreaking CDs. And the top 15 CDs in Amazon's music store are all by Michael Jackson, led by the 25th Anniversary edition of "Thriller" and my all time favorite MJ album "Off the Wall."

Those albums are now shipping in one to three weeks, according to Amazon's Web site.

The Top Ten music videos and concerts also are dominated by the "King of Pop."

Amazon.com vice president of music and video Bill Carr said that sixty percent of the CD orders Thursday were for titles from Michael Jackson, with Carr telling the AP that he had "never seen anything like this." 

Barnes & Noble also has sold out of titles from the music legend. And the top albums on Apple's iTunes also were dominated by Michael Jackson.

One stock analyst is even suggesting that investors could make money by investing in Amazon.com based on the MJ effect, reports Barron's.

Amazon.com's tribute to Michael Jackson.


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