Columbia House Files For Bankruptcy

Welp. Another piece of my childhood... is dead. Columbia House has filed for bankruptcy. Parent company Filmed Entertainment Inc. filed for Chapter 11 bankruptcy protection and is seeking to sell off the last bits of the business. I can't imagine Columbia House is worth much anymore. At one point, it was a multi-billion dollar enterprise. Columbia House shuttered its music division in 2010 and was only focusing on DVD sales. With the continued popularity of streaming, the old media giant just couldn't compete.

Comments

[Badland]

13 cd's for 1 penny. I use to rack up lol they helped fill my collection without a doubt.

[GNR]

Failed vision of the people in charge - keep up with the times or get run over. Nope, they stuck to their old price fixing "membership" model from decades ago.

Thank you though Columbia House and BMG Music Service for letting me have multiple accounts for my fake college roommates :) Had to fill up that 100 CD changer somehow.

[spyke (Jimbo)]

Nice that you admit you're a thief. Must be so proud.

[Dj]

I used to get some CDS through this. Kinda sad nobody gives a damn about owning anything physical.

[kari]

DAMN. this saddens me. I was convinced I kept em in business for years (haha). I actually forgot they were still around but....I'm with ya Ally.

ON a separate (and not BBG) note, WISHING EVERYONE A HAPPY ELVIS WEEK 2015! The new commemorative stamp is available on Wed. Be sure to go scoop some up for your holiday cards this winter!

[Metalboy!]

Elvis was Glam. Let us not forget that gold lamé suit.

[GNR]

@spyke (Jimbo) - Thief ?? Where in there is someone saying they are a thief. Paid for the upfront order and the 5/7 after that to fill the subscription no matter what name on it. please...

[Jason]

Yeah, dumb comment @spyke (Jimbo). Outsmarting their system doesn't make you a thief.

Columbia House didn't lose money on those deals, regardless of how many accounts one person created. They charged you nearly $20 a disc for the later purchases, an they probably had at most $3 invested in each disc they sold.

In the early 90's, when Metallica's '$5.98 EP' was out of print at retail, Columbia House still sold it. I worked in retail myself and at the store, we would create accounts and order 12 copies of that CD for $0.01. Sold them in the store for their going rate of $30-$40 each. Then for the monthly selection, we'd order the same CD each time (instead of their shitty choice) and still make $10-$20.

[texjay]

OMG-I used to order RECORDS from these guys as a middle schooler! My first order had Heart, Def Leppard (Pyro) and Bon Jovi...ahhh how cool was I? lol

[Badland]

Never did the later purchases just the penny deal then order again using nfc east names lol

[Him]

Bought my first tapes from Columbia. Had multiple accounts with both BMG and Columbia back in the day. BMG always had the cheaper looking product, often sans liner notes or a full cover, flimsy everything.

But I used both of them to build a collection. A collection I still have to this day, even if most of my tapes now only work on one side since the other side has warped.

Like Tower Records, another part of my younger years lost to the Wayback Machine and the sands of time.