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...with the Mail on Sunday newspaper in the UK.

 

It's creating a bit of a storm over here. Thought people might be interested after some of the talk in the Billy bootcamp thread.

 

I just wish it was someone I liked, not Prince ( lol.gif )

 

http://news.bbc.co.uk/2/hi/uk_news/magazine/6897178.stm

 

 Quote:
It was recently estimated that 10% of CDs produced in the UK are covermounts. But most of these are to plug new artists and therefore have the blessing of the industry, because fledgling acts reach new audiences.

 

There are fears, however, that the Prince deal marks a new phase in which established artists will cut record companies and traditional retailers out of the equation.

 

 

 Quote:
The woes of the music industry have nothing to do with covermounts and everything to do with free downloads, says Mr Williams. Albums are no longer the earner they once were, he says, as demonstrated by artists like Radiohead threatening to no longer use the format.

 

The broader issue of the Prince deal is how the function of albums has changed, says Mark Ellen, editor of The Word magazine.

 

"Five years ago people toured in order to sell records and called the name of their tour after their recording, and probably lost money in order to promote and extend the life of the album.

 

"That balance has shifted and now people put out albums to justify going on tour and charging more to go on tour. "

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"Artistes" here learnt this a coupla years back.

 

With the limited canto market as it is and the even more limited the cantopop talent, as soon as a record is released, the knock offs are on sale the same day.

 

Live concerts at least have a unique flavour that poeple are willing to pay for the experience. But in the case of cantopop, they may as well just kill themselves; it's much less painful.

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3 million copies + 250,000 for the Little One. Sounds like with that and the publicity it is an interesting idea. Pity he plans to retire to study the bible soon (or was that just a joke).

 

 Quote:
Around three million copies of Prince's new album, Planet Earth, have been given away with the Mail On Sunday.

The promotion is believed to be worth about £250,000 to the musician, whose hits include Purple Rain, Raspberry Beret and Money Don't Matter 2Night.

 

But the giveaway has angered retailers, who called it "an insult" to high street record stores.

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