Global Electronic Music Marketplace

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GEMM
Type of site
Private
Founded1994; 27 years ago (1994)
Dissolved2015; 6 years ago (2015)
Headquarters,
Key peopleRoger Raffee, CEO/COO
IndustryMusic 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 8th, 2015.

See also[edit]

References[edit]

  1. ^ a b c Robinson, Matthew S. (September 29, 2001). "Collector's Portal Gemm Draws Retailers, Loyalty". Billboard. 113 (39): 48.
  2. ^ a b Garrity, Brian; Benz, Matthew; Christian, Ed (September 29, 2001). "Concerns Rise Over High Retail Profile of Used CDs". Billboard. 113 (39): 82.
  3. ^ Lieb, Kristin (July 27, 1996). "GEMM Offers Retail Motherlode Online". Billboard. 108 (30): 73.
  4. ^ Wick, Robert L. (1997). Electronic and Computer Music: An Annotated Bibliography. Westport, CT: Greenwood Press. p. 164.
  5. ^ Katz, Linda S. (2003). Acquisition in Different and Special Subject Areas. New York, NY: Routledge. p. 11. ISBN 9781317951698.
  6. ^ Fling, Robert Michael; Munstedt, Peter Alan (2004). Library Acquisition of Music. Oxford, UK: Scarecrow Press. p. 146. ISBN 9780810851245.