Monday Business Links: Madonna U.S. Tour Grosses $92 Million, Average Ticket Price Down
The U.S. leg of Madonna's Sticky & Sweet tour had a gross of $91.5 million on sales of about 550,000 tickets. For those of you keeping score at home, that's an average ticket price of $166. By my math, the average ticket price on on the U.S. leg of her 2006 Confessions tour was $183. The total Sticky & Sweet tour is on pace to gross around $282 million. (Billboard)
Labels fret as Woolworths Entertainment UK, the distribution arm of Woolworths, has gone into adminstration. The company is said to be responsible for up to 30% of physical sales in the UK. (BBC News)
An article on the new owner of LA club The Viper Room, with requisite pun title. The owner, by the way, says he "absolutely" plans on creating a Viper Room franchise. (Washington Times)
Songbeat Player is a new application that scans multiple search engines (such as Seeqpod and Project Playlist) for music. The paid version (about $30) offers unlimited streaming and downloads -- but nothing for copyright owners. The marketing of this product (pay for unlimited, maybe-maybe not legal downloads) is similar to the way P2P applications used to be marketed before the Supreme Court's Grokster decision. (TechCruch)
RIM's new Blackberry Storm isn't much of a music device. (Digital Noise)
Concord Music Group will develop Ray Charles' post-1960 catalog. There will be six catalog reissues in 2009 and some digital-only releases as well. (Press release)
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