Type of site | Private |
|---|---|
| Founded | 1994 |
| Dissolved | 2015 |
| Headquarters | , |
| Key people | Roger Raffee, CEO/ COO |
| Industry | Music trading |
The Global Electronic Music Marketplace (GEMM) was an online music trading website established in 1994. [1] It was founded by CEO/COO Roger Raffee and Jim Hall, and based in La Jolla, California, United States. [2] [3] Most of the items traded on the site were used CDs and LPs. [4] [5] As of February 2016 the site is defunct.
Between 1996 and 2001, GEMM was the largest online music marketplace, with a sales and revenue yearly growth rate of 100% and 11 employees. [1] By 2002, the site's inventory had grown from 250,000 to 16 million items. [1] [2] Similarly to trading sites such as eBay, GEMM included a five-star vendor rating system based on buyer feedback, as well as advanced search features and custom user want-lists. [6]
GEMM filed for bankruptcy and ceased business operations effective July 8, 2015.
See also
References
- ^ a b c Robinson, Matthew S. (September 29, 2001). "Collector's Portal Gemm Draws Retailers, Loyalty". Billboard. 113 (39): 48.
- ^ a b Garrity, Brian; Benz, Matthew; Christian, Ed (September 29, 2001). "Concerns Rise Over High Retail Profile of Used CDs". Billboard. 113 (39): 82.
- ^ Lieb, Kristin (July 27, 1996). "GEMM Offers Retail Motherlode Online". Billboard. 108 (30): 73.
- ^ Wick, Robert L. (1997). Electronic and Computer Music: An Annotated Bibliography. Westport, CT: Greenwood Press. p. 164.
- ^ Katz, Linda S. (2003). Acquisition in Different and Special Subject Areas. New York, NY: Routledge. p. 11. ISBN 9781317951698.
- ^ Fling, Robert Michael; Munstedt, Peter Alan (2004). Library Acquisition of Music. Oxford, UK: Scarecrow Press. p. 146. ISBN 9780810851245.