Thursday, April 10th, 2008
Daily News: Thursday
Album sales this week are down 3.5% compared to last week at 7.99 million and down 24.5% against the same week in 2007.
DUPRI & IDJ FORM LABEL WITH TAG BODY SPRAYS: “In an unconventional partnership, Island Def Jam is going into business with TAG Body Sprays, a division of Procter & Gamble, as the two companies jointly launch new hip-hop label TAG Records (www.tagrecords.com). The imprint will be led by Jermaine Dupri, who, as President of the New York-based venture, will set the creative vision, which will focus squarely on identifying and developing musical talent.” (via Hits)
EMI Wins ASCAP Publisher Of The Year: “EMI Music Publishing songwriters including Fergie, Beyonce, Nelly Furtado and Stargate’s Tor Erik Hermansen swept the board at the ASCAP Pop Music Awards last night, picking up 21 awards in the ceremony at the Kodak Theater in Los Angeles. The success of its songwriters helped EMI Music Publishing win the ASCAP Pop Publisher of the Year title for an unprecedented 14th time in the 25-year history of the awards, and its sixth consecutive title in a row.” (via EMI)
Digital Sales Will Account for 40% of Music Purchases by 2012: “By 2012, digital music sales will represent an impressive 40% of all music purchased worldwide, the high-tech market research firm says. Factors contributing to this growth include the global expansion of broadband, continued demand for single-track downloads, and expanding music catalogues.” (via In-Stat)
Free Sampling Boosting Music Sales: “More sampling means more buying, at least according to Last.fm cofounder Martin Siskel. Just recently, Last.fm started offering full-length, on-demand previews on a considerable catalog, instead of 30-second samples. That has now caused a “direct and positive impact,” specifically a 119 percent gain since January. “In just over two months it’s become clear that people will buy CDs and downloads if they get access to the kind of service we offer,” Siskel said.” (via DMN)
