Big Wig
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Album Sales Week of 10/13
Mario “D.N.A.” – 31,741
Del The Funky Homosapien “Parallel Uni-Verses” – 953
People Under The Stairs “Carried Away” – 1,584 (44% digital)
Marduk “Wormwood” – 670
Snoop Dogg “The Lost Sessions” – 4,423
And now, on to industry news:
• The future (of music online)
Google is rumored to be starting an online music service. It’s not going to be a paid-download site, but more an enhanced search w/streaming site. This could be the future of music online (which, after all, is the future of music in the first place). Will this finally end YouTube’s reign as the dominant location to listen/stream music? Also, if this is the future of the music business/industry, how are artist’s going to get paid off of streams?
• The future (of video online)
Vevo, the new “competition” for YouTube is set to launch before the end of the year. The joint venture between Universal and Sony and new investor Abud Dhabi Media Company (who have apparently valued the venture at $300 million) is being set up as an alternative to YouTube for online video, and clearly will be there to provide premium music streaming as well (since this is in large part what YouTube does, and the majors want their own slice). YouTube isn’t an owner in the joint venture, but will share revenue in exchange for lending Vevo its massive distribution platform.
• YouTube isn’t actually bleeding money?
Interesting. Despite previous theories that YouTube was losing Google as much as a half a billion dollars a year, a new study shows that perhaps Google is so massive that they’re just trading traffic (essentially, they own so many fiber optic cables, that whatever huge bandwidth bills they have, they can offset them by selling off their excess available bandwidth).
