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The American Music Industry’s newest heavyweight

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Presentation on theme: "The American Music Industry’s newest heavyweight"— Presentation transcript:

1 The American Music Industry’s newest heavyweight
iTunes The American Music Industry’s newest heavyweight B E L A rian Bolibrzuch van Bryant isa Cheski rata Doba

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3 iTunes #4 top seller of music in U.S.
Approximately 1 million people visit site daily Prime promotion spots Major clout in music business Put a new talent on the music map Make some bands stay in “back bins” Who decides which bands get the advertisement?

4 iTunes How can bands get home page placement on iTunes?
Bands give “things” in exchange for good spots What are these “things”? Exclusive access to new songs Special discount pricing Additional material Interviews with the star Live stage performance videos Behind the scenes footage

5 Push For Exclusives Apple Corp. pushes hard to promote artist’s exclusive content Although this angers some in the music industry, most comply because of how well sales do during a promotion In one week when an album is featured on iTunes’ homepage, it sells 5x more copies than the 3-5 weeks following Promotions of songs and albums allow iTunes users to be exposed to much more music and video

6 How iTunes Grew Employees are Music pedigrees
Steve Jobs (Apple Chief Executive) From 30 Million to 1.2 Billion Music, TV, and Movies Home-Page Promotion 99 cents!

7 Dissatisfaction Music industry looking down on Apple.
Only run promotions in exchange for exclusive content. Lilly Allen Lacking some major artists Most notably the Beatles, AC/DC

8 Through it all… iTunes remains to be by far the largest digital music retailer It continues to grow even through the disapproval of some members of the music industry

9 Questions?


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