In an unusual move that seems intended to eliminate age-discrimination in music releases, BMG, one of the world’s largest music companies, announced Tuesday that it has become the first globa…
, announced Tuesday that it has become the first global music company to abandon the “outdated” industry distinction between “frontline” — a.k.a. new releases — and older catalog recordings.
The music business has always focused on the new, pouring most of its resources into discovering, developing and breaking new artists. Yet the value of catalog became more apparent in the 1980s, as fans replaced their favorite vinyl albums with CDs, and older material became a booming business, with major labels developing catalog divisions such as Warner’s Rhino and Sony’s Legacy, that focused on reissuing and repacking older material, often in lavish boxed sets.
Tuesday’s announcement basically codifies that business plan. BMG’s recorded catalog divisions will now report locally to their country of origin and then globally through EVP of global repertoire Fred Casimir for all sales outside the owning territory, which is the same structure the company uses for what the announcement haughtily characterizes as “new so-called ‘frontline’ recordings.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
MicroStrategy’s Saylor Integrates Bitcoin Lightning Address Into Corporate EmailBitcoin advocate saylor has been receiving donations from fans after integrating the Lightning Address protocol into his corporate MicroStrategy email address. FrederickMunawa reports
Weiterlesen »
New The Flash Trailer Release Date Set in Teaser VideoA new The Flash trailer release date has been set for later this month for the Ezra Miller-led DC Universe movie.
Weiterlesen »
Myanmar junta to release 3,000 prisoners in New Year amnestyMyanmar's junta says it would release more than 3,000 prisoners to mark the Buddhist New Year, without specifying whether those jailed in its bloody crackdown on dissent would be freed
Weiterlesen »
Google will reportedly release new AI powered search tools next monthSamsung is reportedly considering dropping its deal with Google
Weiterlesen »
Soyou tests positive for COVID-19 ahead of the release of her new digital single | allkpopSinger Soyou has tested positive for COVID-19.On April 18 KST, BPM Entertainment announced the news of Soyou's COVID-19 diagnosis as well as an u…
Weiterlesen »
What’s New in New York This SpringSpringtime in New York, there’s nothing like it. Ready to hit the town, might WWD suggest the following?
Weiterlesen »