Important Music News Updates
Jay-Z: Who You Wit Part III.
Jay-Z is criticized by Occupy Wall Street protesters and several media outlets for trying to capitalize from the movement. Mr Carter’s Rocawear company made a t shirt with the slogan “Occupy All Streets”, with zero of the profits going towards the protesters. There were reports that the backlash had forced Rocawear to pull the item, however a later press release claimed that the item was pulled due to it selling out. One of Jay-Z’s closest “friends” was once a former Financial Analyst for the National Bank of Israel. Arguably, the greatest rapper of all time, Jay-Z was once criticized for making music that was too “money-obsessed”.
Rappers upset Luther Campbell:
Uncle Luke criticized rappers such as Lil Wayne and Diddy for not “giving back to the Miami community”. Shouldn’t it be more important to encourage them to come to Miami, because of the amount of money they spend? I’m pretty sure that they contribute more than their fair share to the local economy, especially when Rick Ross spends $1 million at King of Diamonds.
Occupy The Record Industry
In June 2011, I posted an article on how major record labels offering records at a much lower price than the market price, has a negative affect on the industry. In the same month, I and several others created a petition and spent the month e-mailing and writing letters to various staff in an attempt to highlight the situation. Billboard have now changed their chart rules in an attempt to prevent this anti competitve practice. “Unit sales for albums priced below $3.49 during their first four weeks of release will not be eligible for inclusion on the Billboard album charts and will not count towards sales data presented by Nielsen SoundScan.” We have no way of finding out whether or not our petition had an influence, but all I will say is “real power is people”.
And then there were 3:
The historic British major label, EMI Music Group has finally been bought by Universal for $1.9 billion. The publishing arm was sold to Sony for $2.2 billion. Universal now has a dangerous monopoly of the record industry, which needs to be highlighted and acted on by the industry regulators.
Year of the indie:
Pittsburgh rapper Mac Miller has become the 1st independent artist in 16 years to top the Billboard chart. His debut album, Blue Slide Park sold around 144k copies in its first week of release.
Roc Nation silence the naysayers (such as myself!):
Roc Nation artist J Cole, sold a credible 218’ooo copies of his debut album Cole World: The Sideline Story. Wale, who is managed by Roc Nation, also sold a credible 164’000 copies in his 1st week.
Posted on November 20, 2011, in Music Industry, News and tagged billboard, emi, indie labels, j cole, jay-z, luther campbell, mac miller, monopoly, occupy wall street, roc nation, rocawear, sales, universal, wale. Bookmark the permalink. 3 Comments.