Quick News Flash
By Tony (R.O.P.) Samuel
NARM Highlights – 2006
The Business of Music
The National Association of Recording Merchandisers (NARM) convention took over Orlando Florida, from August 2 – 5th. The event was staged at the luxurious Gaylord Palms Resort. Industry professionals and players convened to discuss the state of the music business. Please see below highlights.
Ø Subscription music service on IPODS might be around the corner
Ø Over the air downloads is much greater than PC downloads
Ø Sprint-Nextel described itself as a “music company”
Ø 75% of Internet only albums are released by independent record labels
Ø Digital downloading is growing at a phenomenal rate, but it’s still only 5 or 6 percent of the music business
Ø 50 Cent, Mariah Carey and The Game were the biggest sellers of 2005.
Ø T I – best selling solo artist of 2006
Ø The Pacific region is the #1 region for digital download sales
