Showing posts with label music sales. Show all posts
Showing posts with label music sales. Show all posts

Monday, October 15, 2012

The Social Bandwagon: Everyone {Likes, Re-Tweets, +1's} a Winner

Mumford & Sons released their 2nd album Babel a few weeks ago. It's hard to know what any listeners think of it. But one thing we all seem to know — Babel sold 600,000 copies in its first week. That statistic was re-blogged and re-tweeted thousands of times, blindly hailing "the best debut of 2012." Everyone "shares" a winner.

Does a splashy debut lose significance as the music industry transitions from physical media to weightless digital? We'll get to that later. In any case, debut has replaced legacy as a benchmark of worth.

Artistic works that build their audience slowly and sustain it for long periods are becoming rare. Most works live and die with their debut. Go big or enjoy staying under the radar. In music, Adele's 21 is the outlier. No one saw it coming, and then nothing could displace it for more than a year.

Hollywood has known this for a long time. Cast, director, genre, story, and production values are irrelevant. The only thing that can predict the long-term box office success of a film is its opening weekend numbers. Big hits that opened small — My Big Fat Greek Wedding and Slumdog Millionaire, for two in recent memory  — are the outliers. To generate buzz, a film has to be able to trumpet an immediate historic feat, whether it be the best opening weekend (of ...), or opening night, or midnight debut, or whatever. Get people on the bandwagon before the next big thing comes along, because it's right behind you, already working the hype machine.

At the polar opposite of the sustained hit is what I'll call the hit-and-run, designed to open big and disappear fast before anyone can know how mediocre it might be. This applies equally to music, movies and books. Frozen Heat by Richard Castle debuted at #7 on the 30-September-2012 New York Times Fiction Best Seller List for combined print and e-book sales, dropping Mitch Albom's The Time Keeper from #6 to #8. The next week, it was gone.

Trouble is, while Mitch Albom is a real-life best-selling author — Tuesdays with Morrie spent more than 200 weeks on the best seller list — Richard Castle is a make-believe best-selling author (turned amateur cop) on an eponymous TV show. The release was a publicity stunt coinciding with the start of the new season. Hyperion Press published both books, and I think they owe Mr. Albom an apology.

A splashy book or music debut may be increasingly easy in the weightless digital world. Apple can't sell more iPhones than it can manufacture and distribute. A movie theater can't sell more tickets than it has seats. E-book and digital music sales make it possible to respond to demand instantly and infinitely, without having to plan, produce, ship and stock physical inventory. Bits are never sold out. Mumford & Sons fan base was ready for a new release and downloaded accordingly.

Less newsworthy was the fact that sales of Babel dropped 72% in week two (though still topping the charts). Social media had already moved on to tweeting the debut of a new album from Muse at #2.

            Vinyl-to-Digital Restoration #44             

Title: Voices Carry
Artist: 'Til Tuesday
Genre: Alternative
Year: 1985



If you read The Lefsetz Letter, you know that sales of Aimee Mann's album Charmer dropped 63% in its second week on the charts. If you're on social media, you probably know (and have re-tweeted) that the video for the single Labrador is a shot-for-shot remake, featuring Mad Men's Jon Hamm, of her iconic 80's video for the song Voices Carry. I know that I got my first CD player in mid-1985, and the album Voices Carry may be the last new title I have ever bought on vinyl.


© 2012 Thomas G. Dennehy. All rights reserved.

Saturday, March 3, 2012

How Vinyl and iPods Ganged Up to Kill the Audio CD

NPR reported that CD sales tanked in 2010, particularly among younger buyers. The trend has continued until now and suggests that vinyl and iPods are sinking the audio CD into the so-called "fidelity belly," where mediocre products go to die.

[Image: Race to Obsolesence, David Lane.]

In his book Trade-Off, journalist Kevin Maney wote that a truly successful product provides either the richest user experience (fidelity) or the greatest convenience. Less successful products fall into what he labeled the fidelity belly, "the no-man's-land of consumer experience," characterized by commercial apathy, insufficient fidelity and insufficient convenience. (See diagram below right.)

Apple succeeds in the consumer computer market by providing the richest pre-sales experience in its retail stores. Dell and HP succeed by providing an ultra-convenient pre-sales experience online. Who is in the belly? Everyone else.

Sinking into the fidelity belly is essentially the fast track to obsolescence. Staying out of the belly is never assured, because customer expectations for fidelity and convenience constantly evolve.

While it may seem that the audio CD thrived for more than 20 years because of high fidelity, what it really offered over its fraternal twin on vinyl was convenience better robustness, more portability, multi-disc changers, in-vehicle players, random/repeat play, remote control.

In the last decade the iPod arrived to match all the conveniences of the CD, adding small (and ever smaller) player size, ubiquitous portability, invisible storage, and greater (and ever greater) capacity. Nothing can match the convenience of weightless digital audio, now available in a variety of formats at both lower and higher resolution than CD quality (choice is convenient, too).

On several online forums catering to vinyl aficianados, I posed the question, "what is it about playing an LP that appeals to you?" After all, the fundamentals of record playback haven't significantly changed in 100 years. It isn't necessarily sound quality (except among self-described audiophiles). Almost unanimously, the response came back that the real appeal of vinyl stems from interaction with an LP as a satisfying physical object large format album art, liner notes, even having to flip sides. Respondents were quite eloquent about it.

When was the last time you ever heard anyone wax rhapsodic about interacting with a CD? Has anyone ever considered a CD collectible for its nostalgia value or status as an art object? The audience for vinyl will keep it out of the belly by uniquely defining fidelity for themselves, establishing a multi-sense standard no other physical medium is likely to meet.

Thus the CD has been forced back along the convenience axis by dematerialized digital audio, forced down along the fidelity axis by vinyl, and ultimately swallowed up in the fidelity belly. It is now or will be soon become obsolete. (What to do with obsolete CDs? Here is one idea.) At least one study concluded that less than 10%  of listeners will be buying physical media in 2-4 years; that population will likely consist almost entirely of vinyl buyers, not CD buyers.

Way out in fidelity/convenience space is Maney's "fidelity mirage," a product that can deliver both super-high convenience and super-high fidelity. It is virtually impossible to do this in the commercial marketplace. Companies that attempt to reach the mirage usually fail and sink back into the belly.

But consider a high-resolution digital transfer of an LP, taken on the owner's own equipment, calibrated to his exact specifications, and restored in software to the best possible sound quality. The dematerialized result delivers super-high convenience, the original physical object retains its super-high fidelity. Is the fidelity mirage real?


            Vinyl-to-Digital Restoration #24           

Title: Social Studies
Artist: Carla Bley
Genre: Jazz
Year: 1981



Carla Bley (b. 1936) has composed and performed in a wide range of styles over her long career, including free jazz, jazz opera, political jazz with Charlie Haden's Liberation Music Orchestra, and one of most beautiful Christmas records ever. But the music that resonates most with me comes from the large ensemble with the ever-shifting lineup known as The Carla Bley Band. Social Studies is a fine example of their work. But, of all my Carla Bley LPs, I really chose to highlight this one here for its cover art still life of endangered physical media.


© 2012 Thomas G. Dennehy. All rights reserved.