Updated 2/26/15 1:45 PM PST: The IFPI has officially announced Friday as the new global album release day. Target informed DMN that they will not be dropping music from their retail and online stores.
In November independents voiced support for a Monday global album release day. The idea is supported by: Alliance Entertainment Corporation, AIMS, A2IM, Amoeba Music, AIM, CIMS, DORS, ERA, Hastings Entertainment Inc, Newbury Comics, Redeye, Rough Trade NYC, Rough Trade UK, and SC Distribution.
It’s been said that the IFPI is siding with major labels and the RIAA on this one, leaning towards a Friday global release day. The change could come soon: Music Week reports that the IFPI is very close to announcing the change to Friday.
IFPI CEO Frances Moore told Music Week:
“We’ve had a long consultation involving retailers artists and record labels, and we have looked at a large amount of insight and research. The good news has been the widespread support we’ve seen around the world for global release day – no one has seriously questioned the concept, the only debate has been about the day. The artist organizations and many retailers and record companies internationally support Friday, and this is backed by consumer research in many countries.
There are other voices who prefer other days, and that’s not surprising. It would be very surprising if a project like this, involving over 50 national markets, didn’t lead to some objections in some markets. However, there is no doubt we have had a long and thorough consultation with the stakeholders involved and we now intend to make an announcement as soon as possible.”
Switching to Friday could be costly for some businesses. Music Week says that Target is considering dropping music instead of paying to make the switch.
Martin Mills, Founder and Chairman of Beggars Group, says that discussions have only pretended to include the independent community:
“Whilst I acknowledge the needs of a digital world for coordination, it seems to me to be crazy to throw away one of the trading week’s two peaks, and the ability to re-stock and rectify errors before the week’s second peak.”
Nina Ulloa covers breaking news, tech, and more: @nine_u
Image: eldeem, used under Creative Commons 2.0 (CC BY-NC-SA 2.0)