Business Apple and the Death of the Album
posted by March 26 at 13:11 PMon
There’s this great story in the business section of today’s New York Times about how Apple and its iTunes store has changed the way people buy music, and the new ways music company’s are trying to deal with it. Namely by signing new acts to deals where they only produce “singles.”
Labels have signed new performers to singles deals before, typically to release what they viewed as ephemeral or novelty hits. Now, executives at Universal say, such arrangements will become more common for even quality acts because the single itself is the end product.
Ron Shapiro, an artist manager and former president of Atlantic Records, asked, “What are the Las Vegas odds of constantly having a ‘Bad Day?’ ” — referring to a tune by the singer Daniel Powter that sold more than two million copies after it was used on “American Idol.”
Is the cherry-picking of the consumer-at-large on iTunes really going to destroy “albums” as we’ve come to know them?