Render Onto Caesar

(tinfoilmusic.net) Hot on last weeks news of the RIAA members seeking to reduce artist royalties, record labels are starting to squeeze artists in other ways, or so the NYTimes reports. In the article, NYT cites a recent release from R&B star Akon that sold 283,000 discs in its No. 2 debut. In years past, a release such as this would have sold half a million copies easily, but this recent performance is a sign of the new direction the industry is taking.

Along with the 283,000 discs sold, iTunes sold 244,000 songs in the first week and ringtones generated another 269,000 sales. Because the record companies make the lions share of cash on CD sales, they are feeling the crunch and are passing the crunch downstream by hitting the artist up for less royalties and cuts of merch sales. Merch sales are a sweet peach and many bands make their living on them, along with the revenue from the tour (which has been cut into already as well) so it's going to hurt. - Click here for the Full Story

Note: The preceding story is a summary of the full story published by tinfoilmusic.net, if it was followed by a message to see the full story. To read the entire story click on the link following the story.

Additionally, if you wish to comment on this story, please use the Fan Speak area below.

The links provided below will link you to related articles, a CD store for preview and purchase of related music, as well as premium tickets (where applicable.)

Click here to return to the full Day in Rock report for 12/14/06

Related News for Akon

Preview and Purchase Akon music

Akon Tickets

antiMUSIC News featured on RockNews.info and Yahoo News




Follow Us: Facebook Twitter Feeds

Contact Us - Privacy - antiMusic Email - Why we are antiMusic

Copyright© 1998 - 2020 Iconoclast Entertainment Group All rights reserved.

Please click here for legal restrictions and terms of use applicable to this site. Use of this site signifies your agreement to the terms of use.