KOAR News
Posted August 27, 2007 — in Music News
Trans World has posted another loss. CD sales have dropped another 15.1% in the U.S. according to Nielsen Soundscan. This has forced many stores including Trans World, Hastings, and Virgin Megastores to think of new business opportunities. “Trans World has 950 stores and we would expect them to continue to deemphasize music over the next 12-24 months,” said Richard Greenfield of Pali Research during a recent investor note.
The new Mya record apparently was delayed again. On March 5, 2007 the album’s first single “Lock U Down,” a collaboration with Lil Wayne, was sent to U.S. radio but failed to chart or sell noticeably, and thus the album was delayed once again, with a current schedule for a September 18, 2007 .
in2une Music is a new company that offers music promotion and marketing services, artist development, and digital music marketing.
Kyambo “Hip-Hop” Joshua has been named president of Columbia’s urban department.
Mark Cuban the 2.3 billion dollar internet entrepreneur has now claimed the internet is “dead and boring”. “We have reached the point of diminishing returns with today’s internet. The speed of broadband to your home won’t increase much more in the next five years than it has in the last five years. That is not enough to work as a platform for new levels of applications that will require much, much higher levels of bandwidth.”
KOAR recommended artist Cene will be signing to Asylum Records/Atlantic.
American Idol runner-up Blake Lewis signs a record deal with Clive Davis’s Arista.
Maybe if the average cost of a CD at a Trans World store wasn’t $18.99, they might actually sell a few.
Comment by mondogarage — August 27, 2007 @ 8:21 am
The internet won’t be exciting unless it can achieve 1 GB/sec? Remember that one used to have to walk to the front of a room to change the TV channel and drive to a store to rent a movie or buy an album. I guess he’s trying to suggest that something else will take the internet’s place and that people will leave the internet for it. History says otherwise, though. The internet isn’t a format, it’s a medium. Medium’s don’t go out of style. This is not betamax. And the very nature of the internet allows for us to build from it rather than simply move to a new “platform.” My guess, though, is that he spends so much time hearing and thinking about technology that he himself has grown bored. People might be drawn to exciting technology but it’s the content that makes them stay.
In other news, check out WiMax. It’s a technology that allows wireless internet to be shot over a whole city by a subscription service provider (Seoul, South Korea, for example) and it’s much faster than DSL and cable.
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9025718
It is being tested in many US cities in the coming months according to Clark Howard.
Comment by Keith Freund — August 27, 2007 @ 8:26 am
What’s dead and boring is Mark Cuban’s remarks. Is that the best he’s got nowadays?
Comment by JB — August 29, 2007 @ 2:44 pm