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Music Retail News

How much the music industry spends annually investing in their artists

Share A new report from the IFPI (International Federation of the Phonographic Industry) breaks down how much the music industry spends annually investing in their artists. According to the IFPI’s data, approximately $5 billion is “invested” in artist rosters, with 30 percent of the labels’ revenue spent on artist development and marketing. This includes approximately 16 percent [...]

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11 March 2010

james James Hill

Independent Record Label: Stores That Report to Soundscan

Share Well, I will be darned. I just found out a tiny but important fact that I find relevant to musicians. I am sure you are all aware that Soundscan are the guys that track retail sales for all album sales inside certain retail stores.  I suppose it’s important that you know whether the stores [...]

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11 March 2010

james James Hill

Record Label News: Pink Floyd Suing EMI Over Online Royalties

Share March 9 (Bloomberg) — Pink Floyd is suing record label EMI Group Ltd. in London over online royalty payments and the sale of single tracks. The band is asking for clarification to their more than 10- year-old recording contract with EMI, Pink Floyd’s lawyer, Robert Howe, said at a hearing in a London court [...]

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9 March 2010

Chris Bauer Chris Bauer

Spanish Indies Are Preparing to Take the Gov’t to Court on Charges of Piracy Negligence

Share Due to the “massive free downloading” over the past few years, many Spanish indie labels and distribution sectors are preparing to take the government to court on charges of negligence, and demand compensation for the damage done by piracy to the indie sector. The labels – which all belong to 46-member indie label association [...]

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4 March 2010

james James Hill

Independent Music News: New eBay Rules Affect Indies

ShareIndie retailers will face another massive hurdle this September when eBay introduces a rule that means they will have to double the advertised price of many of the records they sell. Ebay has a new rule which means sellers are expected to absorb the price of domestic postage costs in to the starting price of [...]

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23 August 2009

Marion Isobel Marion Isobel

Music News: Friends and Live Shows Big Influencers in a Purchase

ShareI stumbled upon an article on billboard biz and thought it contains useful information that could affect how we market the music industry. It says that four out of five independent music store customers cite a recommendation of a friend as being an important factor in a purchase.This is based on a survey conducted by [...]

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30 July 2009

Marion Isobel Marion Isobel

Trans World’s F.Y.E. Sales Down 24%

ShareDue in part to fewer stores open, FYE’s sales dropped by 24% to $344.7 million in Q4 2008. Same store sales over that same time period dropped only 14%. The rest of the drop was likely a result of 159 fewer stores open. Trans World and FYE are looking at other markets to make up [...]

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16 March 2009

Chris Bauer Chris Bauer

Beer and music create pretty awesome package

ShareSince the focus of Let Me See Your Package, strangely enough, relates to creative music packaging, I loved hearing about this deal between Capitol Records Nashville’s Luke Bryan and Miller Brewing Company. The two have partnered to combine packages of Miller Lite with Bryan’s single “All My Friends Say”. In addition, the promotion will include [...]

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1 December 2008

Chris Bauer Chris Bauer

Jimmy Iovine explains exclusivity deal with Best Buy

ShareInterscope-Geffen-A&M chairman Jimmy Iovine talks about his label’s exclusive release with Best Buy for the Guns & Roses album “Chinese Democracy”. Here’s what he had to say: With the confusion and how much media is spread out and how hard it is to market things to a mass audience right now, I think you’ll see [...]

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1 December 2008

Chris Bauer Chris Bauer

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