Since 2001, Amoeba Music in Hollywood has stood as a beacon for resilience in an industry disrupted by digital downloads and streaming music services.
This week, the store had to take to social media to assure fans that the multi-level mecca to independent retail would not be the latest casualty of a struggling industry.
“We’re going to remain in our building for the duration of our lease — which is several years — and Amoeba and the building owner are open to us potentially staying longer,” the indie retail giant posted Monday evening on Twitter.
The statement was in response to a story that appeared first on local site LAist, which speculated that Amoeba would soon “get the wrecking ball” to make way for a large residential tower.
Click here to read the full story on LATimes.com.