Showing posts with label release strategy. Show all posts
Showing posts with label release strategy. Show all posts

Monday, August 25, 2014

Analyzing Online Album Buying Patterns

Album Release Buying Patterns image
Fewer and fewer people are buying albums, especially online, but it's still interesting to look at the buying patterns. Global ecommerce company GeoRiot analyzed 500,000 clicks to albums on iTunes and found an interesting trend.
  • 26% of clicks occur before the album release as potential pre-orders.
  • 19% of clicks happen within 24 hours of release.
  • 54% of clicks happen within 2 weeks of release.
  • 20% of clicks happen after the release.
What that means is you have a very short period for potential album sales that's based around the release date in most cases. That's why the new strategy of releasing a digital single every 4 to 8 weeks before the album is released makes much more sense for our Music 4.0 world. That way there are many more events to generate interest, many more opportunities for your fans and listeners to be exposed to the music, and you can still compile them into an album release at the end anyway.

We now live in a singles world and that means our strategy based on the album has to be revamped.
----------------------------------

Tuesday, July 17, 2012

Chili Peppers Follow The Music 3.0 Strategy

Red Hot Chili Peppers Logo from Bobby Owsinski's Music 3.0 blog
Anyone who's either read my Music 3.0 Internet Music Guidebook or has been reading my blog for a while know that I've advocated a new release schedule where there are more single releases on a timely basis instead of waiting until 10 songs are finished then releasing an album.

There are 3 reasons for using this strategy:

1. We now live in a singles world. The majority of people, especially those under 35, now consume their music a song at a time. That's how they like it, so there's no use fighting it.

2. Releasing 10 singles actually gives you 11 events to promote, not just one. You can promote each single as a separate event, then put them all together for an album release, which is the 11th. Which do you think gets the artist more exposure?

3. And maybe even more importantly, releasing just a single focuses the fan's attention on just one song at a time, instead of picking out only 1 or 2 from an album and listening to just those (which is what usually happens).

Now The Red Hot Chili Peppers are taking a page from the Music 3.0 notebook and releasing a song a month for the next 9 months beginning on August 14. This is on the back of their new album I'm With You, which has already been released.  It seems that the band recorded 50 songs for I'm With You, and didn't want to wait for the normal album cycle in order to put the songs out that were left off the record.

Each single offers a number of value-added items to each release. Each song will be released on both vinyl and digital, and each single will contain a different piece of artwork that will only be complete with the purchase of all 9 singles.

It's pretty obvious that release times between records are shortening, but The Chili Peppers move signals the new Music 3.0 release reality is finally here.

-----------------------------------
You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

LinkWithin

Related Posts Plugin for WordPress, Blogger...