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2014's first Platinum album...maybe this week...NSC (Read 1,531 times)
Paranoid Android
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2014's first Platinum album...maybe this week...NSC
Nov 3rd, 2014 at 6:28pm
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This is an interesting article from Forbes today...focusing on Taylor Swift's new album, possibly the first Platinum album of 2014...it is an article on the state of the industry and the habits of the music fan...




Taylor Swift has unveiled quite a few surprises of late—moving from Nashville to New York, ditching the country format that elevated her to superstar status, and even trying her hand at rapping in new album 1989.

“I like to look at albums as being sort of statements,” she told Billboard. “Visually, sonically, emotionally, I like them all to have their own fingerprint. This time I’m kind of just doing whatever I feel like. I felt like making a pop album, so I did.”

Perhaps more surprising than all of these developments is the fact that Swift is on pace to sell more than 1 million copies of 1989 in its opening week—a feat no solo artist has achieved since Swift herself did it two years ago with Red.

The shocking part is not that Swift is doing this, but that any artist is doing this. It’s not just that there hasn’t been a single platinum opening week this year. There hasn’t been a single platinum album this year, unless you count the Frozen soundtrack.

All of this leads some industry observers to suspect that  1989 could be the last platinum album ever .

“I would like to believe that this recent achievement could be a sign of more to come,” says entertainment attorney Lori Landew of Fox Rothschild. “[But] I tend to believe that it is more an aberration that can be attributed to a super strong and loyal fan base.”

As my colleague Hugh McIntyre pointed out, five albums had gone platinum by this time last year. Justin Timberlake’s The 20/20 Experience led the way, moving over 2 million units by the start of the fourth quarter.

This year is a different story, and the reasons are fairly straightforward. Recorded music sales have been on a steep decline over the past decade or so, first because of piracy, and more recently due to the rise of streaming.

The latter, of course, is an improvement over the former: artists and songwriters do get paid for streams. While rates leave much to be desired, services like Spotify and Pandora are far better for musicians than Napster. And they’re just as easy, if not easier, to use—which is why streaming is well on its way to replacing the digital download.

According to Nielsen’s midyear music report, digital sales dipped 13% in this year’s first six months as album sales dropped 14.3%. That went hand-in-hand with a 42% increase in streaming.

“Since streaming sites and rogue torrent sites make it easy for any teenager to access millions of songs for free, it comes as no surprise that young people, who are the music industry’s core consumer, are not paying for physical or digital singles or albums,” says veteran music lawyer Bernie Resnick. “Without the support of the most important segment of the customer base, it becomes extremely difficult to sell enough units to qualify for gold or platinum sales awards.”

Swift, however, was able to energize her largely Millennial fan base by shrewdly using a range of promotional tactics. In addition to the requisite late night talk show appearances, there were unusual tricks like hosting private listening sessions for fans (and making Rice Krispies treats for them) and including Polaroids with hand-written lyrics in each physical copy of 1989.

That sort of connection has been at the core of Swift’s incredible success over the past five years, which have seen her annual earnings rise to an all-time high of $64 million in 2014. Like any good innovator, she hasn’t been afraid to tweak a working model in hopes of improving it.

Swift’s departure from country, an increasingly viable commercial genre, was certainly something of a risk. And though some songs on 1989 smacked of other pop songstresses like Lana Del Rey (“Wildest Dreams”) and Katy Perry (“Welcome To New York”), the album—especially the lead single “Shake It Off”—felt like pure Swift. It was a logical next step for an artist who already had a foot firmly planted in pop.

So will 1989 actually be the last platinum album of all time? It certainly seems possible. Still, it’s more likely that the RIAA will change its definition of platinum to encompass streams, just as Billboard‘s Hot 100 chart has. For now, though, Swift may have the platinum crown to herself for quite some time.

“As far as virtually everyone else is concerned, it seems like this kind of debut is beyond reach today and will remain so until the RIAA catches up with how music is currently consumed by the majority of new music lovers,” says Landew. “While Swift’s debut gives us hope that music lovers can be moved to want to own new music, buying trends would seen to indicate otherwise.”
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gimmekeef
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #1 - Nov 4th, 2014 at 7:29am
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Well when all else fails bands may be reduced to putting out $5000 coffee table books to survive. When U2 gave their album away (at least to consumers) the state of the industry was surely exposed.
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« Last Edit: Nov 4th, 2014 at 7:30am by gimmekeef »  

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Re: 2014's first Platinum album...maybe this week...NSC
Reply #2 - Nov 4th, 2014 at 8:48am
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if everyone else is as excited about Taylor Swift as I am, you're not at all excited by Taylor Swift!!!!
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SweetVirginia
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #3 - Nov 6th, 2014 at 6:18pm
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Hey, PA....
Pretty funny that you added the "NSC" after a header talking about this year's first platinum album. As if we would think there WAS some Stones content in there! LOL

Haven't heard the words "Stones" and "platinum" together in a long time.
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Paranoid Android
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #4 - Nov 6th, 2014 at 6:34pm
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SweetVirginia wrote on Nov 6th, 2014 at 6:18pm:
Hey, PA....
Pretty funny that you added the "NSC" after a header talking about this year's first platinum album. As if we would think there WAS some Stones content in there! LOL

Haven't heard the words "Stones" and "platinum" together in a long time.



So right...so sad...I put the NSC in there because I didnt want to hear any bunk from the psycho ward we call home...

i thought it was a good article on the state of the distribution of music in 2014 and beyond.
BTW...Swift  moved 1.3million units that are monitored...she's doing something right!!
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #5 - Nov 6th, 2014 at 9:05pm
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Well since you brought it up, Taylors new song Shake it off is a catchy little tune. She is taking credit for telling young people that they don't need to cave in to peer pressure and negative criticism, so just shake it off. This message is NOT new! The Stones have been singing this for decades already! From Beast of Burden Throw it all at me, I can shrug it off.  here's a good one from Dance P2 I am what I am! Yeah, my boss I am what I am! from Hot stuff make you tell the whole wide world. So what? From Respectable Get out of my life, don't come back and there are many more Stones-isms regarding the shake it off theme.
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WaiteringOnAFiend
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #6 - Nov 6th, 2014 at 10:09pm
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Lovely post, Bitch.
Ms Swift's Shake lyrics, tune, video and video-director (and the video out-takes) were just dandy, to my mind.
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« Last Edit: Nov 6th, 2014 at 10:11pm by WaiteringOnAFiend »  
 
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Paranoid Android
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #7 - Nov 8th, 2014 at 10:03am
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Nice call Bitch...I suck at lyrics...even Stones lyrics...here one from one of the most loathed songs in the Stones catalog, Sweethearts Together:
Everyone so cynical
And says that love won't last
Think about your future
Stop living in the past
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #8 - Nov 9th, 2014 at 11:18am
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SweetVirginia wrote on Nov 6th, 2014 at 6:18pm:
Hey, PA....
Pretty funny that you added the "NSC" after a header talking about this year's first platinum album. As if we would think there WAS some Stones content in there! LOL

Haven't heard the words "Stones" and "platinum" together in a long time.

Don't they have some type of platinum ticket package? War horses couldn't drag me away Who stole this one? (Seriously)
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Re: 2014's first Platinum album...maybe this week...NSC
Reply #9 - Nov 9th, 2014 at 11:38am
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sweetcharmedlife wrote on Nov 9th, 2014 at 11:18am:
SweetVirginia wrote on Nov 6th, 2014 at 6:18pm:
Hey, PA....
Pretty funny that you added the "NSC" after a header talking about this year's first platinum album. As if we would think there WAS some Stones content in there! LOL

Haven't heard the words "Stones" and "platinum" together in a long time.

Don't they have some type of platinum ticket package? War horses couldn't drag me away Who stole this one? (Seriously)



HILARIOUS!!
Doo'h
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