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ENTERTAINMENT
February 26, 2013 | By Randy Lewis
When is 13 a lucky number? When it's the number of years it's taken for the music industry to post its first yearly increase in global recorded music sales, which is what happened in 2012, according to new figures from the International Federation for the Phonographic Industry . The group's annual Digital Music Report , issued Feb. 26 in London, noted that overall music sales rose from $16.2 billion to $16.5 billion, or 0.3%, from 2011...
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ENTERTAINMENT
July 19, 2013 | By Mikael Wood
The men of Daft Punk have spent many of their recent interviews explaining how they wanted to bring the warmth of human playing to the music on their new album. So you can bet the French duo was pleased to learn that "Random Access Memories" is the year's biggest-selling vinyl album so far, according to a new report from Nielsen, which tracks music sales and radio airplay and provides charting data to Billboard. In the first six months of 2013, the Daft Punk album sold 32,000 copies on vinyl; that's 12,000 copies more than the No. 2 album on the list, Vampire Weekend's "Modern Vampires of the City," and twice as many as No. 3, "... Like Clockwork" by Queens of the Stone Age. PHOTOS: Concert photos by The Times Other albums on the vinyl tally include releases by Mumford & Sons, Atoms for Peace and the Postal Service -- records that helped drive overall vinyl sales up 33.5% compared with this point in 2012.
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BUSINESS
July 8, 2006 | Charles Duhigg, Times Staff Writer
The music industry received mixed news Friday: Declines in sales leveled off thanks to an increase in digital downloads, but consumers bought fewer new releases this year. Sales of music albums in the U.S. declined by 4.2% in the first half of the year, to 270.6 million units, compared with the same period a year earlier, according to data released by Nielsen SoundScan. The drop, however, was mostly offset by a 77% increase in digital sales of music tracks. The 280.
ENTERTAINMENT
June 25, 2013 | By Ryan Faughnder
The heart of rock 'n' roll may be in Cleveland, but Miami, Fla., residents have purchased more music per capita from Amazon.com Inc. than any other major U.S. city in the last year, the online retail giant said Tuesday. Pulling together sales of MP3s, CDs and vinyl records, the Seattle company said Miami also has remarkably diverse music tastes. Miami customers bought more Latin, dance and heavy metal music than any other city. It also topped sales rankings for children's music.
BUSINESS
January 18, 2007 | From the Associated Press
Global online music sales nearly doubled in 2006 to about $2 billion, or 10% of all sales, but failed to compensate for an overall decline in sales of compact discs, the music industry trade body said Wednesday. The International Federation of the Phonographic Industry also said it would sue Internet service providers if they continued to allow identified digital music pirates to use their networks.
BUSINESS
April 17, 2002 | Reuters
Global recorded music sales in 2001 fell 5% to $33.7 billion because of a sluggish global economy and increased consumer piracy, the International Federation of the Phonographic Industry said. The trade association said demand for music remains strong, but the proliferation of free music on the Internet and mass copying of compact discs have cut into sales. The federation said total unit sales fell by 6.5% and the value of sales fell by 5%.
BUSINESS
January 15, 2009 | John Corrigan
Starting today, the Anaheim Convention Center becomes ground zero for guitar geeks. It's the annual four-day trade show of the music products industry, and hotshot musicians from around the country will be there to check out the latest guitars, amps, electronic keyboards and digital recording gear. Staged by the Carlsbad-based International Music Products Assn., the event (and the trade group itself) still goes by its old acronym, NAMM, for National Assn. of Music Merchants.
BUSINESS
February 6, 2004 | From Bloomberg News
Vivendi Universal, which is selling its Hollywood studios and cable networks to General Electric Co.'s NBC, said fourth-quarter revenue fell 9% to $9.08 billion as music sales declined and the dollar weakened. Revenue at Universal Music Group fell 19% to $2.1 billion. The unit suffered from a 17% decline of the dollar against the euro in 2003 and "difficult music market conditions." Revenue at Vivendi Universal Entertainment declined 4% to $2.2 billion, hurt by the declining dollar.
BUSINESS
March 23, 2005 | From Reuters
Worldwide sales of recorded music declined 1.3% to $33.6 billion last year as the U.S. market grew for the first time since 1999 and consumers bought more concert and video DVDs. The figures released Tuesday, which reveal the fifth straight year of falling sales for the record industry, do not include digital downloads or mobile phone ring tones, which music companies say would have made 2004 sales flat against 2003.
BUSINESS
February 15, 2007 | From Bloomberg News
EMI Group cut its revenue and profit forecasts for the second time this year as music sales slump in the U.S. EMI shares had the biggest slide in two years Wednesday after the company said full-year sales at its recorded music division would fall 15% and earnings would miss analysts' estimates. London-based EMI last month predicted a 10% sales drop.
ENTERTAINMENT
February 27, 2013
After dozens of meetings and a few orphaned ideas, the Getty has settled on a theme for a 2017 sequel to the 2011-12 museum exhibition extravaganza known as Pacific Standard Time. It will be "Los Angeles and Latin America," or "L.A./L.A. " for short. "The fact that nearly half of the population of Los Angeles has roots in Latin America is so profound that it warrants a major exhibition and research project with accompanying publications," said Getty Trust head James Cuno. About 60 arts institutions in Southern California participated in Pacific Standard Time, receiving some $11 million in grants from the Getty to research and develop exhibitions on post-war art in Los Angeles, 1945 to 1980.
ENTERTAINMENT
February 26, 2013 | By Randy Lewis
When is 13 a lucky number? When it's the number of years it's taken for the music industry to post its first yearly increase in global recorded music sales, which is what happened in 2012, according to new figures from the International Federation for the Phonographic Industry . The group's annual Digital Music Report , issued Feb. 26 in London, noted that overall music sales rose from $16.2 billion to $16.5 billion, or 0.3%, from 2011...
ENTERTAINMENT
February 22, 2013 | By Dawn C. Chmielewski
Google Inc. is in discussions with the major labels about launching an online music streaming service that would position it to compete with Spotify, MOG and others, a person familiar with the matter confirmed. The labels are in discussions with Google about renewing deals that pay the music companies a fee whenever one of their copyrighted songs is used in a YouTube video, said the person who was not authorized to speak publicly about the negotiations.  As part of these talks, Google is proposing a premium subscription service -- perhaps as soon as the fall of this year.
ENTERTAINMENT
February 7, 2013 | By Randy Lewis, Los Angeles Times
Veteran music executive and producer Clive Davis will again host his pre-Grammy Awards party at the Beverly Hilton Hotel this weekend, an annual music industry highlight bringing together an A-list aggregation of pop music performers and key entertainment world figures. This year's "industry icon" honoree is Antonio "L.A. " Reid, the chairman and chief executive of Epic Records and a former "X Factor" judge. Calendar asked Davis, 80, now the chief creative officer for Sony Music Entertainment, for his take on the highs and lows of the preceding year.
ENTERTAINMENT
January 11, 2013
Timberlake is in studio Justin Timberlake fans have had a whirlwind Thursday since the musician-actor dropped an intriguing tweet teasing that new information would be coming at 9:01 a.m. That hour arrived, and despite speculation that Timberlake's first new solo music would be arriving immediately, he sent instead another missive with similarly veiled data: "To whom it may concern...I think I'M READY! #JT2013 http://tmbr.lk/imready," he wrote, directing fans to a clip of himself entering a recording studio and walking through its hallways.
BUSINESS
October 24, 2012 | By Jon Healey
After plummeting for more than a decade, music sales have finally leveled off. Yet the vast majority of artists and bands collect less from music sales than they would from working two weeks at a food court at the mall. It may be easier than ever before to record and distribute songs, but that just means it's harder than ever to stand out in the crowd at the iTunes Store. Steve Koskie, a tech entrepreneur and music industry veteran, thinks he can help. Koskie is chief executive of Monkeybars , a Los Gatos, Calif.-based site the gives artists the tools to sell their music virally through their websites, blogs, Facebook, Twitter and hundreds of other outlets.
NEWS
July 27, 2006 | Geoff Boucher, Times Staff Writer
LOOKING to beat the heat? Visit a record store -- the aisles are apparently both chilly and empty these days, at least if you use the Nielsen SoundScan album sales chart as a thermometer. Only one CD sold more than 100,000 copies in the U.S. last week -- "Now That's What I Call Music!, Vol. 22," which sold 207,000 copies. Even that had a tinge of disappointment to it; it marked a 48% tumble from the previous week, when "Now" debuted at No. 1 on the chart. Billboard.
ENTERTAINMENT
March 29, 2004 | Randy Lewis
What do Barbra Streisand and the Doobie Brothers have in common? Both have new concert DVDs hitting stores Tuesday, joining the flood of musicians who have released music in a format that continues to provide rare good news in a bleak period for the record industry. Through last week, CD sales for the year have increased a modest 9% while music DVD sales have shot up 123% over the same period last year, according to the Nielsen SoundScan sales monitoring service.
ENTERTAINMENT
September 10, 2012 | By Alex Pham
He is known to artists such as Kanye West and Beyonce simply as "Big Jon. " Jon Platt, a music-publishing veteran of EMI responsible for signing top hip-hop and R&B talent including Usher, Drake, Ludacris and others, announced Monday that he's landed at Warner Music Group as president of creative at Warner/Chappell, the company's publishing division. The news is a coup for Cameron Strang , chief executive of Warner/Chappell. The publisher had spent months recruiting Platt, who announced in June that he was leaving EMI after 17 years with the British music publisher.
BUSINESS
August 16, 2012 | By David Lazarus
Video killed the radio star. YouTube is now the leading way for young people to hear -- er, watch -- music, surpassing both radio and CDs. Nearly two thirds of 3,000 teens polled by Nielsen say they prefer YouTube when they want to take in some tunes. But apparently this doesn't mean music sales are dead. Nearly three-quarters of poll respondents say they purchased music in the last 12 months, which is more than the average across all age groups. "The accessibility of music has seen tremendous expansion and diversification," says David Bakula, Nielsen's senior vice president of client development.
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