As we reported yesterday, international recording industry trade body IFPI has declared that by summer Friday at 12.01 AM will be the new official date and time for new global music releases. Friday is already new release day in Germany and Australia, but the shift means big changes in the US, UK and elsewhere.
Foo Fighter Dave Grohl has been named 2015's Record Store Day Ambassador, joining an elite group of predecessors including Jack White, Chuck D, Iggy Pop, and Ozzy Osbourne. Record Store Day is scheduled for April 18th and shines a spotlight on what Grohl calls “my churches, my libraries, my schools.” Along with the announcement, Grohl penned a heartfelt ode to record stores and shot a video in which he talks about the first record he ever bought.
Bandzoogle Pro members selling merchandise through their website now have access to the platforms newest features: Inventory Tracking. As merchandise sales play an increasingly prominent role in the generation of artist revenue, limited edition items are on the rise. With Bandzoogle's addition of inventory tracking, artists can set a quantity of items to be "in stock" without worrying whether or not someone will try to purchase sold-out merch. The feature can also be utilized for events where seating is limited, allowing artists to easily offer and manage VIP fan experiences.
The overall value of the German recorded music industry ticked 1.8% from its total size in 2013 and increasing its lead over the UK market that it first gained in 2011. The data, compiled by the Federal Association of the Music Industry (BVMI)market research company GfK Entertainment, showed that the German market had a total size in 2014 of €1.48bn.
[UPDATED] Tom Yorke is now selling his new music via direct to fan platform BandCamp. With Radiohead, Yorke was the first major artist to offer new music using the "pay-what-you-want" model. As a solo artist, he's tried a variety of new release and sales platforms, including most recently, BitTorrent bundles. His goal with each of these experiments has to been to bypass "the self elected gate-keepers."
In typical Amazon fashion, the retail giant shared some vague holiday "statistics" they say show consumers embracing online purchasing and digital consumption with increasing zeal. More than 10 million worldwide took advantage of a free trial to use Amazon's Prime services for the first time, for example. 60% of all Amazon purchases this season were made on mobile, according to the company, who also shared some holiday musical milestones:
You’ve played a great show. Fans are lined up at your merch booth. You’re taking cash, making change, and signing CDs. Then a guy walks up and wants to buy a couple discs and a t-shirt — but he only has a credit card. Are you going to turn him away? No, you’re going to process his credit card transaction right then and there, in the sweet, dank, dark-lit, beer-soaked corner of a basement rock club.
I really wanted to make this happen for myself and participate in the extravaganza. All the people and acts from big labels are garnering all their fans to to make it all work for Black Friday and Cyber Monday. But for me, Kosha Dillz, it did not work. I came up with six reasons, and it's all ok…for now. In my first year promoting my Black Friday sale, I have sold a total of 5 shirts. Disheartening at best, I am hoping my honesty will get you to take a look at my awesome shirts anyway. Below are the six reasons why I failed at my Black Friday/Cyber Monday sale.
UPDATED: Record Store Day is holding its fifth annual Black Friday event today (Friday November 28th). There is not an incomprehensible list of sale items being broadcasted as you've likely seen or experienced throughout this week in nearly every medium imaginible. Rather, in an effort to remove commercialized chaos from the experience, Record Store Day's Black Friday Event will offer limited edition exclusives and small-run speciality items to consumers who seek and appreciate the rarity and value of such pieces.
There has been a significant amount of industry chatter surrounding the abandonment of the national release day in order to make way for a globally unified release day. Retailers and independent labels are in agreement that a global release day may be in the best interest of the music industry as a whole, but are pushing for a reconsideration of the proposed global release day falling on Friday. Worried that a Friday release could cause the industry to incur unnecessary additional costs, and ultimately defeating the purpose of approaching releases globally, the following organizations are endorsing a Monday global release day.
Millenials know only a world where free music is everywhere, but one group is still willing to pay and has the disposable income to do it - adults 50+. Chasing that market, Sony Music Entertainment and its catalog division, Legacy Recordings, have formed a new relationship with the American Association Of Retired Persons to offer its 37 million members special music packages, deals and discounts.
[UPDATED] In what most in the music industry see as a long overdue move Nielson Soundscan will add both streams and downloads to their weekly Top 200 album sales chart published by Billboard. Beginning with the Dec. 3rd chart (sales for the week ending Nov. 30 which includes Black Friday), music streams from Spotify, Rdio, Rhapsody, Beats and others will become part of the ranking using the calculation of 1500 song streams as as equal to an album sale.
On November 10, Dutch record company, Black Hole Recordings introduced a digital pop-up store, using Twitter as it's form of currency. The first pop-up store of it's kind, website visitors can purchase products like tracks, ringtones, and digital booklets in exchange for mentions and engagements via Twitter.
News that Taylor Swift's team pulled her entire catalog off Spotify and other streaming music services has been the source of more tweets and traffic than any story since Apple boughts Beats for $3 billion. This led Stuart Dredge of Music Ally to do some unofficial back-of-a-napkin calculations to determined just how much Swift & Company were earning on Spotfy from her hits track "Shake It Off" before the takedown.
Until now, at least for me, the face of Amazon has been images of Jeff Bezos and a variety of local delivery personnel from the UPS, USPS and Fed Ex. Now Amazon is making a move that will put some New Yorkers face to face with Amazon employees. The store will be located not far from Macy's and will initially serve the public via returns/exchanges and online order pickups. But inventory is expected to follow making this experimental effort one that could ultimately lead to more cities and hopefully more retail space for music-related merchandise.
Start “selling” your new music before its official release date
A digital pre-sale (via iTunes or Amazon) allows your fans to order your music in advance of its release. All pre-sales will be credited on the official release date — so the more pre-sales you get, the higher your sales ranking for that day. Your pre-sale customers will then be able to hear/download your music on the release date.
Equipboard is an interesting new startup that, on the face of it, is a crowdsourced site for posting the gear musicians use. But when you dig in you see it's quite a bit more than that combining multiple sources for gear identification but also fashion spotting and ecommerce. In addition, Equipboard is now including a broader range of subjects beyond musicians in its database such as athletes and actors which, in essence, illustrates their path forward.
Wicksteed Works is a London-based direct-to-fan consulting and services company who design, manage and execute digital campaigns for musicians. Today they released their guide to direct-to-fan platforms comparing 10 top platforms with details that would otherwise take quite a while to round up. In addition it shares a process for figuring out which platform is right for the artist in question since one's needs do change as one's career grows.
At this point it's rather unclear what the "music industry" thinks about a global release date happening on Fridays. But given the response of retailers, it sounds like the industry and a key partner industry are disconnected and poorly communicating. A statement from the UK's Entertainment Retailers Association is helping bring this divide into the light. Unfortunately it appears that no one has made public any of the claimed data that would help those affected decide. Call me old-fashioned but this doesn't seem to be a good point in history to be stumbling around in the dark.
So Thom Yorke, famed early adopter, dropped an alpha-stage BitTorrent Bundle with some free stuff and some stuff you pay for. The new part was that instead of trading an email address for the stuff that wasn't free you now pay real money for it. What's the big deal? With BitTorrent Bundles, BitTorrent, the company, has created direct access for all sorts of artists to a large community that uses the BitTorrent protocol and includes a significant portion that spend money on music. Not only that, but BitTorrent intends to seek RIAA certification so that sales count on the charts. It's all win.
If the vinyl boom wasn't maxing out record presses before, look for that super special indie release from that barely known artist to face some pushbacks. Urban Outfitters' claim to be the no. 1 vinyl retailer was shown by Billboard to be false. Amazon's no. 1 as you might have suspected. However additional rivalry is expected from Guitar Center, Whole Foods and Barnes & Noble.
Gumroad is a popular ecommerce option that allows you to sell digital goods just about anywhere. But up till now fans didn't have an easy way to take their collection in the Gumroad Library mobile. Now Gumroad's brought the process full circle with an app for listeners that lets them automatically go mobile with their Gumroad purchases allowing them to listen, watch and read as they wish.
Stripe is becoming omnipresent as a partner in new social and mobile payment systems. They offer an integration with the upcoming Apple Pay and are also one of a small group of companies partnering with Twitter on their buy button. Facebook began testing a buy button back in July but it's only come out this week that Stripe is going solo, at least for this testing period, in powering Facebook's buy button. Given Stripe's integrations into a wide range of platforms and ecommerce services, it's worth a look if you're considering options for your music site or business.