Monday Business Links: CD Prices in UK Down 3.6% in 2007
This decade, according to the new BPI Statistical Handbook, the number of CD albums purchased for less than £10 increased to 71.8% from 39.1%. In 2007, the average CD cost £8.63, a 3.6% drop from the previous year. (Music Week)
The new, untitled album by rapper Nas is expected to debut at #1 this week. (Billboard.biz)
HMV will expand an in-store shopping program that avoids value added tax on music and video purchases under £18. Customers can buy items at in-store kiosks and receive them in the mail. A company spokesperson said HMV plans to restrict VAT-free purchases to items that are not stocked in that particular store. (The Guardian)
iLike now offers full stream song streams, via its partnership with Rhapsody, and has an advertising platform for concert promoters. (Mashable)
The RIAA has reduced by 50% the number of albums a Latin artist much ship to attain gold and platinum status. Gold is now 50,000 units and platinum is 100,000 units. (Billboard)
A sort of history of the term "indie" in the U.K. It's an entertaining read that throws in a few terms I hadn't heard (indie landfill, mortgage indie) and bemoans how the Internet has increased the churn of bands and the likelihood a hit debut's success will not be sustained. Wrote Tim Walker, "The turnover of new acts is terrifying. Parklife, lest we forget, was Blur's third album." (The Independent)
Sony BMG has hired Graeme Ferguson, formerly the head of content for Vodafone Global, as its new SVP of digital and strategic partnerships. (Mobile Entertainment)
The industry isn't yet totally comfortable with thinking of bands as brands. (The Guardian)
Music Groups