Jamie Bonk
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Sony Music to drop promo CDs

Sony Music to drop promo CDs I actually thought this would have happened a long time ago.  I understand that some people in the industry (reviewers, radio stations, etc.) still want a physical product, but CDs make little or no sense in 2010. There is far less environmental impact from digital downloads and digital files are far easier to manage from a delivery standpoint. They're also easier to use. Finding a particular track amongst ten thousand songs in an iTunes-like system is a breeze. Finding …

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Naxos hired young staff to get ahead of Web wave

Absolutely terrific interview with Jim Selby (CEO) of Naxos of America Inc.

Two of his answers regarding sales and profit I found very interesting:

Regarding sales.... "The physical (distribution) portion would be probably 70 percent (of sales). In profit, it would be around 10 percent. Ninety percent of the profit is generated by the non-physical."

And regarding digital sales... "Our sales for digital downloads and streams for Naxos the label are well over 50 percent. Most of the industry is around 25 percent. We have our own distributor labels that are well over 35 percent."

I never would have guessed that a Classical label would have this high a percentage of digital sales and profit. Definitely interesting...

 

March, 2010 Posts

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