Following the sudden closure of Canada’s largest independent vinyl distributor RPM last month, details surrounding the company’s bankruptcy have begun to emerge. A sworn statement filed by RPM president Paul Herzog in Ontario court reveals the company owes $8.9 million CND / $6.7M USD in liabilities.
UK HMV record store chain has been saved from bankruptcy by Doug Putman, who also runs the Canadian music retailer Sunrise Records. Sunrise also took over 70 HMV retail locations across Canada early in 2017, growing the Sunrise footprint from 12 to 82 stores overnight.
When streaming began to dominate music consumption, many industry insiders believed all physical forms of media would soon die out, but it appears that vinyl wasn't the only format to prove these people wrong, and that cassette tapes have see something of a renaissance of late.
While there is a lot of nostalgia surrounding the CDs and CD buying culture, the manufacturing costs and associated complexities of creating them leave a lot of more contemporary artists wondering if, in the digital age, CDs are really worth it at all.
Last week, Bob Lefsetz brought the plight of the many artists that have not been getting paid on time by PledgeMusic for the last 6 months to a broader audience. Now Fastball, Bob 's posters boys for PledgeMusic transgressions, report that they received a little over half of the money due them.
Bandcamp is opening a record shop and performance space in Oakland, California on February 1st. The store will feature a rotating selection of 99 records that showcase "the diversity and design" of the five million available on Bandcamp.
The gender has been a significant issue in the music industry for a number of years, with women often getting marginalized or in other ways receiving the short end of the stick. A positive indicator that change is finally coming however, reveals that half of the guitars sold in the US and UK are going to young women.
Here we look at some fascinating new data from market analyst BuzzAngle, revealing some interesting trends in America's music consumption habits. One thing at least is clear: hip hop reigns supreme when it comes to streaming, this year accounting for a quarter of all plays.
RPM music distribution has shut down without warning. The Concord, Ontario based company whose distribution and one-stop clients include independent labels Concord, eOne, Drag City and Rough Trade. A letter sent to clients by RPM president Paul Herzog reads:
While album sales certainly aren't what they used to be, many artists still utilize these long form collections of music as a valuable format for telling personal stories, something which the album artwork is a huge part of. In this piece, David Deal looks at some of the cover highlights from a fantastic collection of albums which came out of LGBTQ community in 2018.
Beleaguered music retailer HMV may be saved from bankruptcy by Buyvia, an online discount club with more than 200,000 members in the UK. The proposed plan would save a number of retail stores and use Buyvia's expertise to overhaul HMV's digital presence.
The secondhand market has been a strong feature of the music industry ever since music was fixed in a tangible medium, so it's only natural that this secondary economy would evolve to encompass, "secondhand" digital music as well - at least if the court of appeals hadn't shut it down.
Although it's a great way for artists to boost their overall revenue, selling merch at shows can often be a challenge to do. Here we look at seven ways to switch things up and move a few more shirts at your next show.
[UPDATED] Driving fans to an artist's site only to redirect them elsewhere to purchase a download or t-shirt means lost revenue and a chance to capture valuable fan and marketing data. The reams of a growing number of major and indie artists are building their own
While musical integrity is often (as it should be) an artist's number one priority, musicians still need to make money, and there's no reason that same integrity can't extend through to the merchandise they sell. While higher quality merch may typically mean higher production costs, there are ways around such expenses.
While we like to think artwork doesn't define an album, it is an opportunity to create something which compliments the themes and emotions expressed on the album and, best of all, compels a potential listener to purchase it. Here we look at five psychology hacks for upping your album art game.
[UPDATED] The team and growing network of indie stores behind Record Store Day are celebrating both Black Friday and Small Business Saturday this weekend with an extensive array of exclusive releases, special sales, in-store performances, signings and events.
As the rise of the streaming industry continues to alter the ways in which listeners consume music, we're starting to get a better handle on what some of these changes look like. One change that's been a benefit to artists is the revivification of their older work, or "catalogue" material, with more listeners reaching back to "re-discover" older recorded works.
Millennials are thirsty for music and are constantly immersing themselves in at every opportunity, to the point where it is fundamentally altering the music industry, impacting both traditional retail sales of music and digital streaming.
While Kanye West has certainly had a knack for staying in the news of late, one item that didn't see a lot of air time was the controversial hip hop figure's popularization of the "Medium Play" or MP album format. Here we examine what the state of "Ye" means for the state of music.
Shifts in the music industry have precipitated a new rapid fire format of music release, with artists constantly creating new music and releasing singles rapid-fire. In addition to other changes, this shift has caused the EP to begin edging out the LP as a dominant format of music.
One of the great marketing challenges of the modern age lies in getting through to the coveted millennial demographic. In this piece we look at what the results of a survey turned up, including several actionable insights on what millennials value most.
While the CD has hung on longer than some might have guessed, it's decline has been steady. That said, some are still turning a profit from this outdated form of music. Here we look at Alliance Entertainment, the largest wholesaler of physical music in the US.
While it may most commonly be associated with Rock, Hard Rock Cafe's collection of music memorabilia extends far beyond this one genre, with treasures from countless musical greats. Hugh McIntyre recently had the good fortune to visit the restaurant chain's vault, and here recounts some of the priceless items found within.
While streaming has certainly risen to become the dominant form of music consumption, physical formats aren't in the grave yet. Here we look at four different physical formats to consider next time you plan to drop an album or single.
Discogs has released their 2018 Mid-Year Marketplace Analysis & Database Highlights. The report emphasizes physical musical sales for both catalog and new releases, comparing them to broader industry stats from Neilson.
The Orchard has released the latest album in its Ten Bands One Cause series with a limited edition pink vinyl disc featuring tracks from Silversun Pickups, Modest Mouse, El-P of Run The Jewels, Local Natives, Tyler Childers, The All-American Rejects, The Rocky Horror Picture Show Soundtrack, Soccer Mommy, Daryl Hall & John Oates and Black Moth Super Rainbow.