Donio talked about how things had changed since then, not the least of which is the well-documented erosion in sales, with a whopping 52% decline in the last decade. He then went on to highlight some optimistic touchstones, including the Music Rights Now campaign being spearheaded by UMGD topper Jim Urie and the fact that, for the first time since 2004, we have seen constant upticks in year-over-year sales.
Donio also pointed out (as many have recently) that the industry has seen 12 weeks during this year in sales increases and if we include TEA (Track Equivalent Albums) we are currently up 1.6% over 2010. “Have we hit bottom?” he asked. “I think that the Warner acquisition gives us 3.3 billion reasons that music is still a good investment.”
He talked about the recent Cloud announcements from Amazon and Google (more on that later from the seminar that followed) and trumpeted NARM digital initiatives being introduce by the org’s tech guru Bill Wilson. He also pointed to the success of Record Store Day, which saw a whopping 39% increase in revenues over last year’s event and went on to emphasize that NARM’s commitment to the industry “goes well beyond just the convention.”
J&R’s Rachelle Friedman took the stage after being named NARM Chairman for an unprecedented fourth term. She talked about the org’s Scholarship Fund, which is in its 46th year, and announced this year’s new board members.
The officers are Nokia’s Adam Mirabella (Vice Chair), Anderson Merchandisers’ Steve McClanahan (Treasurer), and Len Cosimano (Director at Large). Other board members include Homer’s Mike Fratt, Baker & Taylor’s Steve Harkins, Best Buy’s Nate Jarpe, Target’s Jake Langner, iTunes’ Brent Muhle, Amazon’s Craig Pape, Verizon Wireless’ Ed Ruth and Immergent Records’ John Trickett.
BMG/Chrysalis’ President of Creative for North America Billy Mann delivered this year’s keynote address and was interviewed on stage by Comet.com’s Tamara Conniff.
More on that in a bit, right now we’re rushing to another seminar.
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/18a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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