FISHERS, Indiana (CelebrityAccess MediaWire) — In another sign of the continuing decline of the physical music market, Sony DADC has announced that they will be shuttering their CD distribution center in Fishers, laying off all 248 employees.
Company spokesman Lisa Gephardt said that employees at the 637,531 square foot facility have already been notified and layoffs are expected to begin in May and continue through to September, when the facility is to be closed.
The Fishers plant handles distribution for the big three – EMI, Universal and Sony and that work will be shifted to Anderson Merchandisers, which operates a distribution plant in Franklin. Gephardt told the Indianapolis Business Journal that the closing was "due to the continued challenges in the economy and the competitive landscape."
According to the Indianapolis Business Journal, Sony purchased the facility and distribution agreements four years ago for $26 million. – CelebrityAccess Staff Writers