Music Industry Super Tuesday Looms Large

The LA Times reported today that "Tuesday is the music industry’s equivalent of Super Tuesday, and executives and retailers are hoping for a big turnout."

"Long awaited albums from three high-profile groups — Coldplay, the Black Eyed Peas and the White Stripes — will hit shelves Tuesday, an unusual triple-threat that could help the industry bounce back from this year’s 7% dip in album sales."

"…The emphasis on first-week album sales echoes Hollywood’s infatuation with opening weekend grosses. More and more in recent years, large music retailers have come to rely on the hype that accompanies a new release to lure shoppers who, in turn, frequently buy other products… "

"…At Best Buy, for example, Lindeland anticipates Tuesday’s event will increase his chain’s June music sales by up to 17%."

"But some music business leaders caution that this short-term measure of success diverts attention from the business’ enduring financial problems."

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