Next Big Sound (a/o May 24th):
What does a monster artist app look like? Here's one: Adele's app now has 1.5 million downloads across all platforms, the highest-ever for partner Mobile Roadie. The app first appeared 6 months ago.
Remember 'Google Music'? The name has now been changed to 'Music on Google Play,' part of a major Android Market rebranding. 'Play' is now an easier-to-access umbrella for Android apps, music, books, movies, and other entertainment options, from all devices.
NPD Group says there are now more people buying CDs in the US, which corresponds to a unit-sales bottoming-out last year. "The total number of CD music buyers increased for the second consecutive year, growing 2 percent to 78 million," NPD relayed, though heavily-discounted CDs are one buzz-killing explanation.
Shares of Pandora (P) have been dropping precipitously on Wall Street after a disappointing Q4 earnings call. Revenues gained, but losses mounted to $8.2 million - wider than a year-earlier loss of $1.4 million. Projections also disappointed investors.
Apple is expected to introduced the iPad 3 today.
WiMP has just been integrated into Sonos systems in Scandinavia.
And suddenly, less drama for Vevo. MTV is playing Vevo's vids across its various online properties, the end of a prolonged standoff.
RCA Records has just bumped Jennifer Fowler to SVP of Digital Marketing. And Universal Music Group has elevated Francis Keeling to Global Head of Digital Business, reporting into Rob Wells.
benstauffer Wednesday, March 07, 2012
Paul, you got the NPD story wrong: It's not that "there are now more people buying CDs," but buying "music." In other words, # of people buying digital offset physical decline.
paul Wednesday, March 07, 2012
Ben,
It's CDs. NPD actually issued a correction to their original release, saying it *is* CD buyers. Here's the note Lee Graham of NPD sent me.
________________________
Hi, Paul
I need to make a small correction to the press release I sent you earlier this morning. The first sentence in the first paragraph should read as follows:
"Based on the findings of NPDs Annual Music Study, after years of losing buyers, caused by many consumers who simply stopped buying music, the total number of CD music buyers increased for the second consecutive year, growing 2 percent to 78 million."
[The earlier draft stated that the total number of *music* buyers increased by 2 percent, year over year; however, it was just the total number of *CD* buyers that increased.]
I apologize for this snafu. Please call or email me if you have any questions.
-- Lee
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