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Album Sales Week of 7/28:

Fabolous “Loso’s Way” – 90,968

J-Kwon “Hood Hop 2.5″ – 1,651

Georgia anne Muldrow “Umsindo” – 403

Dudley Perkins “Holy Smokes” – 223

Looking forward to seeing what Slaughterhouse is going to do… we’ve been having heated debates in the office for a hot minute about this… How many units do you think Slaughterhouse will sell?…  Also, looking forward to Blitz the Ambassador’s digital only debut…

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Industry News:

• Imeem: unique visitors down 10% in the last year

Imeem, the once giant, and still large music streaming service, is experiencing a downturn of their own… with less traffic, fewer staff, fewer features, they are hoping that their direct digital download store will add some revenue to their bottom line, but failing that, what’s in store for them?…

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• Spotify… the new streaming music giant, is growing
Spotify, the streaming music service (listen to streams for free with ads, or pay for ad-free) that’s taken Britain by storm (2 million registered users), and is getting set to launch in the U.S. is undergoing a new round of financing…  They’re going for $50 million in VC funding (after they’ve already raised $20) and the company is now valued at $250 million… Also, investors include Universal, EMI, Sony, Warner…  Their interface appears to be a rip of iTunes, but that’s probably smart, as that was most people’s introduction to digital music.  With so much money invested (especially from the labels), I’m going to be watching what happens closely on U.S. launch…

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• Pirate Bay to be traded on Nasdaq?
This should be interesting… the formerly illegal and prosecuted pirating torrent site, that was bought up recently, is going to be publicly traded on the Nasdaq… their plan for legimiacy in business is to essentially auction off unused bandwidth from it’s file sharers… we’ll see what the SEC has to say about this… but it could be a very interesting step in web-monetization.

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Until next time, get at me as always with questions, comments, etc.

Peace.