Adele, the soulful British songstress, has broken all kinds of records with her hugely successful sophomore album ’21’ since it was released in the US in Feb 2011. The album, which picked up 6 Grammys this year, was by far and away the biggest selling album of last year with 5.8 million copies sold. And in 2012, at the halfway mark, despite endless plays in supermarkets, gyms and your dentist’s waiting room, it’s still burning up cash registers, moving another 3.7 million units through the end of June, or more than four times the next best-selling album (Lionel Richie’s Tuskegee in case you wondered).
Lyor Cohen, Warner Music’s chief executive for recorded music, thinks the long-suffering and depleted music business would do a lot better if it could just stop the bitter in-fighting and back-stabbing particularly among the major label owner rivals Universal Music Group, Sony Music and EMI.
At 8:30 p.m. on Tuesday there was no more coveted piece of New York City real estate than standing room in the Museum of Modern Art’s Marron Atrium. And so it shall be for the next seven nights as Kraftwerk, the German electronic outfit from the 1970s, plays to a scant crowd of about 450 lucky souls. That this quartet, which includes just one of its original members, can command a showcase like MoMA – and sell out in a drumbeat – provides a useful lesson into technology’s risk of obsolescence.
Vevo, the music video company, has relaunched the popular site with a more personalized, social, long-play viewing experience getting closer and further away from that MTV experience at the same time.
One of the big changes is that you can now only get the full benefits of Vevo with a Facebook login in, which allows you to create a personalized Facebook playlist and share the videos you’ve watched with your friends on Facebook.
from Fan Fare:
If you have trouble remembering the days of the week, a teen pop starlet named Rebecca Black has come to your rescue with an annoyingly catchy song that has quickly made her the hottest -- and most lampooned -- phenomenon on the Web. Black was a top-trending topic on Twitter on Tuesday, while her video for "Friday" racked up almost eight million page views in a matter of days.
Just 48 hours ago we pointed out how Warner Music Group shares had dropped some 11 percent as investors panicked over the extent of the downturn in the business’s fundamentals which were worse-than-expected in the all important Holiday quarter and management gave a gloomy prognosis. But this is big finance where focusing on fundamentals is for suckers…things turn around pretty quickly and Warner Music is back up.
Rhapsody, one of the pioneers of music subscription services, has added more than 100,000 net new subscribers since the company was restructured in April President Jon Irwin (pictured, left) told Reuters. This means they’ve overcome a long period of slow or no growth during which its two major owners Real Networks and MTV Networks tried to figure out what to do with the business amidst the usual issue of conflicting agendas in joint ventures.
Q&A: Tim Westergren, Founder Pandora
Pandora is the leading Internet radio service in the United States with more than 75 million registered listeners claiming more than 50 percent of that market using its free service. It is one of the top five most download apps across smartphones and mobile platforms like iPhone, Android and BlackBerry according to Nielsen research with more than 50 million total mobile downloads.
Sony Music Entertainment Rolf Schmidt-Holtz’s personal investment in Hamburg-based entertainment technology company TeVeo has sparked off speculation that his departure is imminent — which it almost certainly is, but not necessarily because of his investment.