The Music Biz Academy is an adaptation of our ever-popular Music Startup Academy, a program that travels across the country educating music startups and app developers how to break the barriers of entry into the music business. For this program, expanded on that concept and included information also relevant to independent labels, artists, managers, and students enrolled in music biz or tech programs at accredited institutions of higher education. During the morning’s General Session, we shared information common to each segment. The afternoon breakout sessions provided targeted programming with the goal of offering actionable solutions to common problems faced by each industry segment and educating newcomers on the resources available to make their ideas into viable businesses that will propel the future of our industry.
Music Biz President James Donio comments on this week’s music sales numbers as compiled by Nielsen and released in Billboard:
“The first music sales week of 2014 was ruled by a film, as the nation’s current #1 movie Frozen saw 165,000 copies of its soundtrack fly off the shelves, an increase of 55%. It’s the first time that a soundtrack has topped the charts since last January, when the Les Miserables soundtrack took top honors. Despite its title, the Frozen soundtrack has been red hot since debuting on December 14, with sales increasing every week. With the film nominated for Best Animated Feature and Best Song (“Let It Go”) at this Sunday’s Golden Globe Awards, and with its ticket sales staying strong, the soundtrack could continue posting high numbers. The industry swings back into high gear next week with the release of Bruce Springsteen’s new album High Hopes, which will also be featured on CBS-TV’s popular drama “The Good Wife.”
Jim Donio, President of the Music Business Association, commented on this week’s sales report issued by Nielsen and published by Billboard:
Miley Cyrus might be a lightning rod for controversy, but she’s also a reliable sales force in the industry, and she proved it this week by selling 270,000 copies of Bangerz to land at #1 on the Billboard charts. It’s her fifth album to top the charts, including two under her previous incarnation as Hannah Montana, and a huge step up from 2010’s Can’t Be Tamed, which debuted at #3 with 102,000 copies sold. Cyrus is far from the only artist debuting high on this week’s chart, though, with seven of the Top 10 slots going to new albums. Panic! At the Disco matched their previous best by selling 84,000 copies of Too Weird to Live, Too Rare to Die to land at #2, while Pusha T scored his first solo Top 10 album with 75,000 sold of My Name Is My Name, good enough for #4. The cast of Glee also returned to the Top 10 for the first time in almost two years with Glee: The Quarterback, the soundtrack EP to the show’s farewell episode for the late Cory Monteith. Hard rock mainstays Korn, Voice winner Cassadee Pope, and rock band Mayday Parade rounded out the Top 10 debuts, resulting in another solid showing for new music on the charts. And with new albums from Paul McCartney and Pearl Jam set to impact next week, not to mention Katy Perry’s Prism hitting stores on October 22, we can expect to see lots of new music in the upper reaches of the charts for weeks to come.
Members joined Music Business Association President James Donio on Thursday, October 11 at Rockwood Music Hall in New York City for Cocktails & Conversations.
Donio is pictured here with Board Chairman Rachelle Friedman of J&R Music & Computer World and new Director Matt Signore of Warner Music Group.