Word: emi
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...members of Radiohead-five prosperous, educated and reasonable men whose major-label contract with EMI expired in 2003-decided that the process could be streamlined. So last week guitarist Jonny Greenwood announced on the band's official blog that a new album, In Rainbows, would be available on Oct. 10 only at Radiohead.com. With a few words, the labels and middlemen were cut out of one of the most anticipated releases of the year...
...industry stuck in the financial equivalent of Hurricane Alley, In Rainbows is more than just another storm. "This could be the mother of them all," e-mailed an A.-and-R. executive at a major European label. EMI pulled in $3.6 billion last year. It is a couple of Radioheads away from a musical New Orleans. Many record-company lifers were stung by the rejection of a band on a decade-long run of excellence, but the real damage could stem less from Radiohead's determination to go it alone than from its "stadium sound at museum pricing" scheme. "That...
...Will the wider world be as receptive? Of the 15 tracks on Fragmented, eight are in English, so language isn't necessarily a barrier. But resources and market perceptions might be. Chris Sy, chairman of the Philippine Association of the Recording Industry and managing director of EMI Philippines, is cautious. "Not being from one of the traditional repertoire centers of the U.S. or the U.K., it takes a lot for a label to ... risk time and money on a Filipino band," he says. "A Filipino act has more of a chance to break [overseas] in a niche genre like jazz...
...month, HMV reported its annual profits have more than halved - or already fallen: last year, retail giant Tower Record sclosed its stores and in June the U.K. music chain Fopp shut up shop. Meanwhile, record labels are looking for solutions in mergers and takeovers - any day now, British firm EMI could be bought out by investment group Terra Firma. Says McNicholas: "With the pace of change, you just have to be very quick on your feet and rework your business model every six months - that's the challenge...
...because the labels make them. The labels blame us, the customers, for being such filthy music pirates. And around we go. Steve Jobs even swore that he would de-DRM every track on iTunes if only the labels would let him. (Jobs did broker a deal with one label, EMI, to sell DRM-free music, with higher audio quality. But it'll cost ya: DRM-free tracks will go for $1.29 vs. the standard 99¢.) Amazon is saying it's prepared to go skinny-dipping in the digital music pool: the company will sell all-nude, plain-vanilla MP3 files...