Big Wig
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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.
Loso’s Way Sold 99,000 Fabolous’ highly-anticipated Loso’s Way album landed on top of all releases this week securing No. 1. According to Nielsen Soundscan, F-a-b-o’s fifth solo project was able to scoop up 99,000 sold discs after seven days in stores making it the number one album in the country.
Soulful singer Maxwell’s Black Summer’s Night stays put at No. 3 neither gaining or losing any positions with 55,200. After one month in stores, the singer’s comeback album has reached gold status with 549,700 discs sold to date.
Grammy-winning rapper Eminem’s Relapse slid one slot to No. 13 with 23,500. Going into his third month of availability, the rapper’s comeback album continues to sell with 1,318,800 sold discs.
R&B singer Jordin Sparks’ Battlefield was shot down 14 slots to No. 21 with 17,700. Her new album has sold 65,600 units after two weeks in stores.
Singer Jeremih’s self-titled debut moved five slots up with 15,400. Moving into his sixth week, the “Birthday Sex” singer’s new project has sold 138,200 records to date.
Rap veteran Twista’s Category F5 fades away 11 positions to No. 30 with 13,100. After three weeks on shelves, the rapper’s Capitol/EMI debut rests at 77,300 pushed units.
Grammy-winning singer Beyonce’s I Am…Sasha Fierce moved down two slots to No. 34 with 11,800. With 37 weeks under her belt, the singer’s third solo project has sold 2,336,200 records.
R&B singer Joe’s Signature took a slight hit this week moving down 13 positions to No. 39 with 10,500. After three weeks in stores, the singer’s new project has sold 75,000 pieces.
Singer Chrisette Michele’s Epiphany received a five-slot boost to No. 48 with 9,700. After 13 weeks in stores, her latest effort has sold 243,900 records.
courtsey of sohh.com