Bob Baker's Indie Music Promotion Blog

News, notes and ideas on music marketing, self-promotion, artist empowerment and more

July 13, 2007

The End of Music Business 1.0

If you haven't had a chance to scour the music news headlines in recent weeks, here are some stories worth reading to get up to speed:
Digital Singles Sales Up Nearly 50% in UK (Macworld)

My favorite factoid from this article:

"The long tail effect is clearly visible in digital. Last week more than 198,000 different titles were sold digitally from the 4 million plus tracks available. And in the first half of 2007, the Top 40 accounted for just 12.6% of all single track downloads sold."

Here are four other music news stories:

Music Business Still Groping for a Digital-Age Plan (NPR)

EMI's DRM-Free Approach Bolstered Its Digital Music Sales in June (Wired Blog Network)

Universal Gets Tough with iTunes (Pollstar)

The Plunge of the Major Music Labels (The Future of Music blog)

-Bob

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posted by Bob Baker @ 9:06 AM   1 comments

1 Comments:

At Jul 14, 2007 11:11:00 AM, Blogger Sam Bhattacharya said...

Some interesting reading in your link. The music industry certainly has changed. I think the major labels are losing out increasingly because their pool of truly talented artists making great music is growing thinner.

Independent artists are flooding the internet with their more home-grown music. And the major labels are starting to notice that competition.

iTunes and other paid download sites are winning the music industry game as it's currently being played. And iTunes carries independent music. Hmm.. I wonder if there's a connection.

 

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