Album Sales Week of 6/2 + $100M lawsuit brought against RIAA

Written by Big Wig

Wednesday, June 10th, 2009 at 1:12 pm
Views: 3558


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Whattup everybody?  Welcome back to another week of album sales:

J Dilla “Jay Stay Paid” – 5,442 (28% digital)
Marco Polo & Torae “Double Barrel” – 1,273 (20% Digital)
AZ “Legendary” - 1,561

Nothing too major this week, but I’m very curious as to what D-Block and Mos Def will sell… Any thoughts?

And now, for some industry news:

Harvard lawyer brings class action lawsuit against the RIAA for $100 Million +
This guy  is basically saying that when the RIAA sued downloaders for copyright infringement, they screwed up their paperwork.  Any record industry person (and especially the RIAA) can tell you, having your paperwork in order is paramount.  So… do the fans deserve their day in court?  Should the RIAA pay up?

Bopaboo creates marketplace for “used” mp3s (via hypebot)

Ticketmaster + Live Nation merger in trouble in UK
More trouble for the monopoly merger…

The Future of the business…
This is a really interesting column by Glenn Peoples (formerly of coolfer.com, currently at billboard.biz) about the future of recorded music (digital and physical) based on a presentation by Nielsen at the NARM (National Association of Recording Merchandisers) conference this year:

“…Half of all unit purchases will be digital by the end of 2010…”
“…In 2001, 68% of all music purchases were in a traditional music store. In 2009, that number is 39%. Nielsen includes iTunes, Hot Topic, Amazon.com and Starbucks in its non-traditional category.”
“… new releases are failing to connect with consumers. In 2008, 35% of album sales were from albums released in that same calendar year. (Over 105,000 albums were released in 2008, nearly 50,000 of them digital-only.)  … digital retailers’ vast catalogs, combined with physical retailers’ shrinking inventories, are beneficial to catalog titles”

Anyway… I find this all very interesting…  As usual, hit me up with questions, comments, whatever…. ’till next time

Peace


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