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Another solution for your audio and video storage if you don't have a lot of space is to use your walls. If you look online or in stores like the Container Store or IKEA you can find a lot of creative wall mounted cabinets and media racks that are wall mounted. They end up looking really slick and can hold a ton of CDs or DVDs with no footprint on the floor.
Organize them by genre, by the alphabet or however, in this storage solution you will really end up using your whole collection as your music will be at your fingertips. You want to make sure you don't put them on a wall behind seating because you won't be able to lean back on a rack of CD's but, if done right, they can end up looking like wall art and you are saving a lot of space.