Big Wig
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Album Sales Week of 9/22:
Sean Kingston “Tomorrow” – 12,678 (Epic Fail!)
Brother Ali “Us” – 8,657
Termanology “Time Machine” – 407
Deadmau5 “For Lack of a Better Name” – 1,913
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And here are this week’s sales numbers on some of the big releases from the last couple of weeks…
Drake – 36,106 (Drake sold more than Cudi 2nd Week!!…)
Kid Cudi – 28,283 (big drop, from 100k+)
Raekwon -11,979
And in Industry News:
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• WMG’s Rhino lays off 30-40
Warner Music Group’s Rhino (catalog specialists) are laying of 30-40 employees. It’s good to see job cuts out there again. I thought the music biz was getting soft…
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• Orchard Downsizing: Losing CEO and Job Cuts
The Orchard, frequently thought of as one of the most successful indie digital distributors, and certainly one of the few companies that still seems to be turning a profit, is announcing some changes. CEO Greg Scholl is out, along with 20% of their staff! Which begs the question, what’s going on? are they just trying to bolster their 4th quarter numbers or is there trouble in paradise?
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• WMG Back on YouTube
After way too long with no content on YouTube, Warner finally reached a deal that will allow them to control the advertising on their artist’s video pages, in an effort to get the content back online. Question: how come you have to throw a hissy-fit of monstrous proportions and threaten serious legal action in order to get such control (monetarily) on YouTube? Remember that YouTube gets a lion’s share of it’s traffic from music, so this was bound to happen
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• Google tops 10 billions video views in August
Even without Warner content, YouTube and Google Video combined to absolutely own the online video market. Hulu, which I thought was pretty big, is pennies compared to their silver dollars… check out the link for a full breakdown
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• Google’s “Wave” (Free Max B!)
If you haven’t yet heard about the wave (no, not that wave), Google is trying to revolutionize things again. Although Gmail etc is great, they’re saying that the entire email and chatting system in place right now are all running on a 1.0 paradigm. They’re trying to change the whole game up.
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• RealNetworks would do well to shut down Rhapsody
Although it’s generating increasing revenue, the cost to Real Networks of operating Rhapsody is expanding twice as fast. Real has been around a long time, and in a digital space where streaming services abound, does it make financial sense for them to pin their future to this shaky venture?
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To close this out, I’m going to ask y’all to speculate… I’ve heard some dirty rumors floating through the backdoors and alleyways of the magazine world… another music mag is on the way out… who do you think it is?
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