Even Adele can't save the legacy music industry... Old music is outselling new music for the first time ever, according to Nielsen. Some of its has to do with millennials preferring to consume music via streaming or not to pay for it at all. But how bright is the future of any industry that generates more revenue from old products instead of new ones?
Over the last few years before labels started to get significant checks from music streaming, the one bright spot was the rebirth of vinyl. Today, August 12th, is officially Vinyl Record Day. Go support the music and the stores that you love. Go buy some vinyl.
Everybody enjoys free stuff, but many artists just starting out can't afford to chuck expensive items like t-shirts and vinyls into the crowd without any kind of compensation. Still, giving things away for free can be a great way to show fans you care. Here are ten items that can be gifted the crowd at a minimal loss.
Physical music sales may be tanking, but its still an important component of the industry's bottom line. Along with sales shrinkage inevitably comes consolidation, and its against that backdrop that Alliance's acquisition of ANconnect, which services music to Walmart and other big box stores, is being viewed with caution.
View a full list here (pdf).
Universal Music Group has named veteran home entertainment executive Robert Ziegler as EVP of Global Physical Operations. Ziegler's portfolio at the label group includes oversight of the manufacturing and distribution of physical products including CDs, DVDs, Blu-Ray discs and vinyl LPs in 60 countries.
Although the commercial decline of the physical album means that fewer listeners are getting the full visual experience when they consume an artist's music, the following article suggests that album art has in fact become more important than ever, and makes huge difference when it comes to selling music.