tokyojoe.com covers,, VMIX.
If you like Amazon; check out this one...They distribute to over 100 internet retailers including AMAZON, CDNOW, DVDExpress and on...
SEC Filing- EDGAR Online VMIX
IPO on Friday March 26, 1999
VALLEY MEDIA INC (VMIX) (Sales over 500 millions and 1200 employees)
Valley Media, Inc. is the largest independent full-line distributor of music and video entertainment products in the United States. Our retail customers include BestBuy, CVS, Toys R Us and Trans World Entertainment as well as thousands of other retailers. In 1998, we distributed product to more than 6,000 retailers operating over 32,000 traditional storefronts. We also provide product, data and value-added services to more than 100 Internet music and video retailers including Amazon.com, CDnow, Inc., DVD Express and N2K Inc. Our advanced systems, technology and proprietary databases enable us to act as a partner to music and video suppliers and retailers in the $28.8 billion domestic music and video retail market. In fiscal 1998, we had net sales of $583.5 million. In the six months ended September 1998, we had net sales of $343.4 million.
New Media, our Internet sales, support and data division, is our fastest growing business. Its revenues increased 520%, from $8.2 million to $51.1 million, in the six months ended September 1998 compared with the corresponding period of 1997. According to Forrester Research, domestic on-line sales of physical music and video product at retail are expected to grow from approximately $338 million in 1998 to $3.8 billion in 2003. We serve customers ranging from independent stores to specialty chains to retailers who carry music and video product as an ancillary product line. For the independent stores, we are usually the primary or secondary supply source for most or all of their inventory needs. The large chains frequently have their own distribution centers to acquire product directly from the major labels and studios, but they generally stock only the higher velocity titles. Accordingly, we serve their special needs for deep catalog product, independent product, special orders and emergency replenishment. Our Independent Distribution Group leverages our strength in full-line distribution and provides Valley the opportunity for higher gross margin sales. This group provides marketing and logistical support to independent music labels through Distribution North America, an independent music distribution company. We intend to continue growing by exploiting the following opportunities: - continued rapid growth of music and video sales over the Internet - expected growth of DVD - increased demand for deep catalog music and video - cross-selling of music and video - industry consolidation We believe we can increase profitability and operating efficiency by leveraging our scale and market leading position to improve delivery times, lower costs and strengthen our partnerships with our suppliers and customers.
TRADE SYMBOL: VMIX
|
