Musical notes
July 27, 2010 Leave a comment
Great interview on the state of the music industry with Tom Silverman in Wired Magazine. Also some really interesting factoids in Fast Company. A few extracts:
* Sweden is probably one of the few places in the world where music sales were up last year – and this is the land of the Pirate Bay
* Despite the promise of myspace and self-publishing, its actually become quite difficult for an artiste to make it on his/her own. In 2008, only 10 artistes broke the 10,000 album sales number by themselves. 215 had a label behind them. And the number of people breaking 10K is falling
* 80% of the records released in the US have sales of under 100 copies. Almost 20% sold just 1 copy
* Music labels apparently buy their own songs on itunes to drive up the hype (Maybe we’re overly harsh on Indian companies). Sidenote: You can also buy twitter / facebook followers to boost your popularity (more on that here)
And in case anyone was still wondering about the future of music albums, heres a graph:
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