New York - CBS Corporation on Friday announced that it has resurrected its historic CBS Records label, which now plans to focus on digital distribution and integration of roster artists' music into CBS TV shows.
The new entity will make songs, music videos and other music-related content available for purchase and download from CBSRecords.com, as well as from iTunes and other online and mobile retailers.
"With more consumers choosing the online download model as the preferred way to purchase their [...].
Emeryville, Calif. – Gracenote, a provider of CD identification and other services, announced on Thursday that it has signed an agreement with the Independent Online Distribution Alliance (IODA), which distributes tracks for more than 3,000 record labels. IODA will provide Gracenote with metadata and audio fingerprints for all of its releases, which the company will integrate into its Global Media Database. The Gracenote database provides track information services for retailers like iTunes and [...].
Cupertino, Calif. - Contradicting an earlier report from rival Forrester Research, comScore Media Metrix said on Thursday that revenue from Apple's iTunes music download service rose by 84% during the first three quarters of 2006, compared with the previous year.
The firm attributed the increase to a 67% jump in the number of iTunes buying transactions, as well as a 10% increase in the dollars spent per transaction. "As Mark Twain might have said, the rumors of iTunes' [...].
Boston - Online sales of TV shows, movies and other pre-recorded video programming are expected to grow from $298 million this year to reach $1.5 billion in 2007, according to a report from market research firm Strategy Analytics.
By 2010, the firm predicts, global revenue from online video sales, rentals and subscriptions will surge to $5.9 billion, representing 8% of total home video revenues.
"2007 will be remembered as the year in which online sales of prerecorded video finally become [...].
The following is a blogpost from Sandra Hanchard at Hitwise: I thought I'd look at online music shopping; whether consumers prefer to purchase unbundled songs or a bundled CD product. A report from Forrester this month, Few iPod Owners Are Big iTunes Buyers looks at the number of iTunes tracks sold per iPod shipped, with the key takeaway that "digital music is a tough market – even for the clear leader" (capitalization removed).
Hitwise data in the Australian market certainly indicates [...].
New York - Digital music service eMusic, the second-largest online music seller after iTunes, announced on Wednesday that it has now sold over 100 million digital song downloads.
The company launched its current subscription model three years ago, and passed the 50 million download mark about a year ago. To commemorate the milestone, eMusic commissioned the pop group Barenaked Ladies to write and record a song about the 100 millionth downloader, Michael Brennan of Moorsetown, New Jersey.
The New [...].
Cambridge, Mass. – Sales at Apple's iTunes Store fell 65% in the first six months of 2006, according to a survey of U.S. iTunes debit and credit card purchases conducted by Forrester Research.
The number of monthly iTunes transactions dropped 58% in the first half of 2006, while the average size of purchase also declined by 17%, the report said. Forrester couched the report's findings by noting that it wasn't clear whether seasonal sales patterns may be a factor. A [...].