Friday, June 29, 2007

Music retailers attack free Prince CD

PrinceMusic stores are going ballistic at a move by Prince to release his new album as a free CD attached to the Mail on Sunday. Entertainment Retailers' Association capo Paul Quirk said:

"The Artist Formerly Known as Prince should know that with behaviour like this he will soon be the Artist Formerly Available in Record Stores. And I say that to all the other artists who may be tempted to dally with the Mail on Sunday."

Swimming with the fishes-type threats are not going to change the economics driving this move. Competition from digital downloads (which strip out the album bloat from profits), the Internet and other new forms of entertainment are putting severe pressure on recorded music revenues. Artists are therefore focusing more effort on touring, sponsorship, merchandising and other more profitable activities.

Releasing your latest album to the multi-million readership of a Sunday newspaper therefore seems an entirely sensible way to build profile and hence revenues from these other business opportunities.


Anonymous said...

I think it's awesome. The RIAA is a very corrupt organization. This is a great move.

Gabriella said...

The fact is that a musical genius of Prince's stature does not have to pander to record companies. The payment from sold cds would probably take a long time to trickle down to him and moreover, he probably wants to appeal to a wider audience and probably finds more creativity in performing live!! His latest album is very good and very eclectic. All the songs are different from each other. There's this song "All the midnights in the world" which is especially charming.

Check out the lyrics of Prince's latest song "All the midnights in the world". Simply amazing!!! Check it out on my blog.