Search Results for: Record Store Day

Just when it seemed erosion of music sales during the holiday season couldn’t get worse, December snowstorms compounded the retail industry’s misery. Album sales for 2007 are now down 15.3% for the year, compared with 2006. But for the four weeks beginning with Thanksgiving week and ending December 26, U.S. album sales were down 20% to 84.2 million units from 105.3 million a year ago, according to Nielsen SoundScan. The last week before Christmas didn’t help matters much, with sales totaling 25.6 million vs. 31.3 million units in the same period last year. The season got off on the wrong… Read more »

After 2006 — a year when virtually no one managed to launch a digital music service in competition with Apple’s dominant iTunes — 2007 was a refreshing change of pace. Several fresh faces emerged onto the digital music scene this year, buoyed in part by record companies’ newfound willingness to experiment with different business models, but also by the departure of several high-profile competitors. By far the most visible service to throw in the towel this year was MTV’s Urge; now, a new entity called Rhapsody America joins Rhapsody’s technology with MTV’s editorial and music curation staff. Sony began the… Read more »

After more than 15 years on Epitaph, punk troupe Pennywise has left the label for different, digital pastures. The veteran foursome has inked with MySpace Records for its as-yet-untitled ninth full-length effort, and teamed with the social networking site to offer the album to fans for free. A high-quality audio version of the album will be made available for free digitally March 25, sans digital rights management, to MySpace users who befriend mobile distributor Textango through the popular Web site. It not only marks the first time the label has married one of its acts to an ad-supported distribution model,… Read more »

The scope of a yearlong download promotion planned between Pepsi and Amazon, Billboard has learned, is among several developments forcing further consideration by Warner Music Group (WMG) and Sony BMG Music Entertainment to follow EMI and Universal Music Group’s lead in distributing music in the MP3 format. News of the Pepsi promotion, which is expected to be announced Feb. 3 during the Super Bowl, coincides with an ultimatum from Wal-Mart asking major labels to supply walmart.com with their music in MP3, sources say. Labels, meanwhile, say they have been watching the success of an MP3 test UMG began in August;… Read more »

Warner Music Group Corp, the world’s third-largest music company, on Thursday posted a 58 percent drop in quarterly profit, hurt by an industry-wide slump in CD sales, as more fans bought songs online. Although Warner’s revenue rose 2 percent to $869 million in its fiscal fourth quarter, it declined 2 percent when taking out the impact of the weaker dollar. The company also posted weaker international sales, particularly in the United Kingdom. Digital music revenue was up 25 percent at $130 million during the quarter, but this could not make up for the short-fall in compact disc sales. U.S. album… Read more »

Nick Haley took just 30 minutes to pluck the Brazilian band CSS from obscurity and hurl it into the national spotlight. In September, Haley paired the band’s dance-pop song “Music is My Hot, Hot Sex” with his 30-second amateur video, displaying the capabilities of Apple’s new iPod Touch. The video ends with the lyrics, “My music is where I’d like you to touch.” “I was like, ‘This song is too perfect,’ ” said Haley, 18, by phone from the University of Leeds in England, where he studies politics. “It’s punchy, loud, fast and naughty.” Marketers at Apple headquarters in Cupertino… Read more »

Relationships in the entertainment world can be famously fraught. And few are more so these days than the one between Steve Jobs and Universal Music chief Doug Morris. You may recall that Morris recently refused to re-up a multi-year contract to put his company’s music on Apple’s iTunes Music Store. That’s because Jobs wouldn’t ease his stringent terms, which limit how record companies can market their music. Now, Morris is going on the offensive. The world’s most powerful music executive aims to join forces with other record companies to launch an industry-owned subscription service. BusinessWeek has learned that Morris has… Read more »

Led Zeppelin, one of the last major acts to resist digital distribution, are releasing their back catalog online. Led Zeppelin said their songs, including “Communication Breakdown,” “Whole Lotta Love” and “Stairway to Heaven,” will be available from online music stores Nov. 13. The band is due to release a two-CD retrospective, “Mothership,” the same day. “We are pleased that the complete Led Zeppelin catalog will now be available digitally,” guitarist Jimmy Page said in a statement Monday. “The addition of the digital option will better enable fans to obtain our music in whichever manner that they prefer.” The band has… Read more »

The British music Web site Gigwise is reporting that Radiohead has sold 1.2 million digital copies of its latest album, “In Rainbows,” since sales began on Tuesday. If true (and that might be a big “if”; see below), the number would be a blow-out, suggesting the wisdom of the band’s decision to sell its wares directly to fans without the aid of a record label. The figure dwarfs first-week sales of Radiohead’s recent studio albums. “Hail to the Thief,” released in 2003, racked up 300,000 sales in its first week; “Amnesiac” managed 231,000 copies in 2001; and “Kid A” hit… Read more »

Vivendi condemned as “indecent” the contract terms between its Universal Music Group (UMG) unit and Apple Inc, the computer maker whose iTunes online store dominates the digital music market. Vivendi is one of many large media companies that are trying to challenge Apple’s grip on the digital entertainment market and obtain more control over pricing. It said it was in talks with rival distributors. “The split between Apple and (music) producers is indecent… Our contracts give too good a share to Apple,” Vivendi Chief Executive Jean-Bernard Levy told reporters at a gathering on Monday organized by the association of media… Read more »