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New Music Fridays to launch next month

 
By on Monday, 22nd June 2015 at 11:00 am
 

New Music Fridays is the name for the new global release date of all albums and singles. The move, which comes into effect from Friday, the 10th of July 2015, is being implemented by the International Federation of the Phonographic Industry (IFPI), which represents the worldwide recording industry. The introduction of New Music Fridays is taking place in 45 recorded music markets worldwide. Only 11 of these markets currently release music on a Friday.

So, why is the change being introduced? Currently, albums and singles are released in the UK and France on Mondays and in America and Canada on Tuesdays, while consumers in Australia and Germany have to wait until Friday to get their hands on the latest releases. Not only does this cause frustration for music fans when other parts of the world can access new releases before them, but this old system no longer makes sense in today’s digital world. IFPI believe that the move will benefit artists who want to harness social media to promote their new music, creating an opportunity to reignite the excitement and sense of occasion.

In the UK, the introduction of New Music Fridays is causing some major changes to the way in which the Official UK Top 40 is announced. The Official Chart Show, which is currently broadcast on BBC Radio 1 on a Sunday, will move to a new slot on a Friday evening, where it will be hosted by new show presenter Greg James.

The move has gained approval from some big names in the music industry, including Edgar Berger, chairman and CEO of Sony Music Entertainment. He described the move as “good news for music fans everywhere”, saying, “Today’s recorded music industry operates in an increasingly borderless world.  Hits can come from anywhere and spread everywhere. Some superstars have already launched their albums simultaneously worldwide, now all artists will be able to reach their global fan bases on the same day.”

New Music Fridays has also received backing from retailers, including HMV. Paul McGowan, chief executive at Hilco (owners of HMV), said of the change, “It’s a big opportunity for us to get music fans into our stores, and it’s something I hope gets full support from across our industry. New Music Fridays will get music to the high street when people hit the high street.  As the UK’s leading entertainment retailer, that makes perfect sense for us and our customers.”

Streaming services such as Deezer and Spotify are also supporting the move. Hans-Holger Albrecht, the CEO of Deezer, said, “Deezer welcomes New Music Fridays and the sense of occasion it will bring to the release of new music. Deezer’s editors are primed to make Friday the new start to their week to help people wherever they are make that exciting new discovery, just in time for the weekend.”

New Music Fridays begins on Friday, the 10th of July. All new albums and singles will be released at 00:01 local time. Further information on the new initiative can be found on the New Music Fridays Web site.

 

Official Albums Chart to incorporate audio streams next month

 
By on Friday, 13th February 2015 at 11:00 am
 

Following on from an announcement last summer regarding Official UK Singles Chart, as of March 2015 the Official Albums Chart in the UK will incorporate audio streams, the Official Charts Company has announced. The change will come into effect during BRIT Awards week (beginning Monday, the 23rd of February), with the first chart to incorporate audio streams being published on Sunday, the 1st of March 2015.

So, how will it work? The Official Charts Company will collect streaming data from Spotify, Deezer, Napster, Google Play, O2 Tracks, Rara, Rdio and Xbox Music, though only the 12 most streamed tracks from the standard version of the album will be taken into account. The top two songs from the album will be down-weighted in line with the average of the rest. The reason for this is to ensure that any albums featuring up to two runaway hit singles do not skew the performance of the parent album in the Official Albums Chart. The total of these streams will be divided by 1,000 and added to the physical and digital sales of the album. The 1,000 ratio is used to reflect the broad difference in value between a track stream and the price paid for an album.

Speaking about the announcement, Official Charts Company Chairman Korda Marshall said: “The Official Charts are a UK institution, followed both by music fans and the industry, so we do not make changes to them lightly. But with more and more people listening to albums via streaming services, it is right that we are now going to reflect streaming in the Official Albums Chart. It is particularly appropriate that this change will take place from BRITs week, when we will be celebrating some of today’s biggest album artists, like Ed Sheeran, George Ezra, alt-J and Royal Blood (pictured at top), among many others.”

Official Charts Company chief executive Martin Talbot added: “The Official Charts Company’s mission is to compile the most accurate, reliable and up-to-date charts around, and in 2015 that means reflecting the popularity of streaming, alongside downloads, vinyl and – still the most popular album format – the CD. Initial indications are that the impact on actual chart positions will be modest to begin with, but we expect this to grow as streaming becomes increasingly popular.”

According to the Official Charts Company, Ed Sheeran’s ‘X’ was the most streamed album of 2014, having generated more than 200 million track streams, Sam Smith’s ‘In The Lonely Hour’ was streamed over 140 million times and George Ezra’s ‘Wanted on Voyage’ notched up 70 million streams.

 
 
 

About Us

There Goes The Fear is where we tell you about the latest music, gigs, and tours we love and think you should too.

We love music that has its heart on its sleeve, tells a story, swims around our head all day or makes us dance like no-one's watching.

TGTF was edited by Mary Chang, based in Washington, DC.

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