Skylight Webzine
Warner Music Group sees digital grow 15% PDF Print E-mail
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Thursday, 06 May 2010 19:40

Warner has reported second quarter figures that show digital revenue grew 15% to just under $200m for the period ending March 31 2010.

The move means digital revenue is now just under one third of total revenue, but that slipped slightly – by 1% - to $662m ($671m in the comparative previous year quarter).

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Guy Hands Has Just 10 Days To Save EMI PDF Print E-mail
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Wednesday, 05 May 2010 08:44

Guy Hands has just 10 days left to convince investors to add fresh funds to save EMI from the hands of the bankers at Citi. Because of the looming deadline, the Terra Firma boss has reportedly slashed his fundraising goal to just the £105 million needed to make one overdue loan payment and stop foreclosure for the next 10 to 12 months. Hands had originally been asking investors for £360 million.

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Global Recorded Music Market Down 7.2% PDF Print E-mail
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Monday, 03 May 2010 09:25

Trade revenues for global recorded music market totaled $17.03 billion in 2009 according to the IFPI - a year-on-year decline of 7.2%.

The trade group's annual "Recording Industry in Numbers" shows that physical sales were down 12.7% on a global basis to $11.93 billion, but this was a smaller decline than the 15% slump in physical sales for 2008.

Almost 80% of the global fall was the result of market decline in the two largest music markets - the U.S. and Japan. Music sales in Japan were down 10.8% in 2009 to $4.05 billion, and the U.S. was down 10.7% to $4.63 billion.

Sales of recorded music were up in 13 markets, though. And six markets experienced what the IFPI calls the 'Holy Grail' - growth in digital sales that was strong enough to offset the physical decline. The six countries are: U.K., India, South Korea, Thailand, Mexico and Australia.

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UK Recorded Music Sales Revenue Stabilise In 2009 PDF Print E-mail
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Monday, 03 May 2010 19:58

A strong fourth quarter and increased digital income streams offset the reduced sales of physical formats as the UK recorded music market reported a modest 1.4% annual increase in total trade income for 2009 of £928.8m, BPI's annual survey of industry income revealed today.

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Why Artists Should "Do a 180" on "360 Deals" PDF Print E-mail
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Wednesday, 21 April 2010 19:33


by Bob Donnelly, Esq.
Lommen Abdo Cole King & Stageberg

A new type of record label contract has come to be known as a "360 deal" (as in "360 degrees in a circle") since it seeks to make the label a participant in revenue streams from every quarter of an artist’s career. In his popular music industry blog, Bob Lefsetz wants to know why artists would consider such a contract. With typical humor, he writes: If you’re contemplating a major label deal and your success is not based on terrestrial radio play, and you don’t make pop music, YOU’RE A FUCKING IDIOT!… But where were the attorneys?

Last Updated on Wednesday, 21 April 2010 19:41
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