Industry News Roundup
Music sales in the US continue to decline, according to a May 8 report from the National">http://www.narm.com">National Association of Recording Merchandisers (NARM). Retails sales totaled $8.93 billion in 2002, down from the $10.46 billion reported for 2000. Most (87%) of the organization's members reported a drop in music sales last year—only 13% posted higher totals.
Industry News Roundup
Satellite radio services appear to be gaining sufficient market momentum to get them over the startup hump.
Industry News Roundup
Anyone who's been shopping recently won't be surprised to learn that China is now the biggest supplier of electronics to the US. Within the past three years, the massive Asian nation has surpassed Japan, Mexico, and Korea to claim the top spot. During the same period, US exports of high technology have dropped 25%, according to figures released June 19 by the American Electronics Association, now known as "AeA."
Industry Roundup
Price fixing rumors squashed: On Tuesday, December 23, the US Department of Justice officially ended a two-year investigation of price fixing by major record labels, with a report that it had found no evidence to support any of the allegations. The investigation began in summer 2001 and concentrated primarily on online music service MusicNet, a joint venture by Warner Music Group, EMI Group, BMG Entertainment, and RealNetworks; and Pressplay, a joint venture by Sony Music Entertainment and Universal Music Group. The majors had been accused of conspiring to keep startups out of the online music distribution business.
Industry Roundup
Powell calls it quits: Federal Communications Commission (FCC) chairman Michael Powell has announced his departure from the regulatory agency. Powell will leave his post by March of this year, according to an announcement made January 21. The son of former Secretary of State Colin Powell, Michael Powell was appointed an FCC commissioner by then-President Clinton in 1997 and appointed chairman by President Bush in 2001.
Industry Roundup
Xd on its way: NHThttp://www.nht-hifi.com">NHT; has begun shipping its Xd DEQX Calibrated DSP speaker systems to dealers, according to an announcement made January 24 by parent company the Rockford Home Group. A high-tech twist on the old satellite-and-subwoofer scheme, the Xd consists of a pair of two-way acoustic satellite speakers; an XdW bass module with two opposing 10" drivers powered by an internal PowerPhysics 500W amplifier; and an XdA outboard processor/amplifier that includes a DEQX-calibrated DSP engine and four PowerPhysics One-Cycle Sound amps.
Industry Roundup
Parasound wins design award: Only a week after receiving a Stereophile 2003 "Product of the Year" award at the Consumer Electronics Show in Las Vegas for its excellent Halo JC-1 monoblock power amplifier—Richard Schram is shown accepting the award (right)—Parasound Products won a 2003 "Good Design Award" from the Chicago">http://www.chi-athenaeum.org">Chicago Athenaeum Museum of Architecture and Design. The company's Halo C1 preamp/surround sound processor emerged on top in the museum's annual design competition, "one of the oldest and most important such events in the world," according to a January 16 announcement from Parasound. The C1 and other winners will be on exhibit in the museum from April 3–June 13, 2004. Opening day of the exhibit will be populated with dignitaries, design professionals, and representatives of the press.
Industry Roundup
"Clean Slate" ends: As of early April, the US music industry no longer offers amnesty to confessed downloaders. Begun in September by the Recording Industry Association of America (RIAA), the "Clean Slate" program's intent was to discourage music fans from continuing to gather freebies online by promising exemption from copyright infringement lawsuits if they signed statements that they had removed shared music files from their computers. More than 1100 music fans signed, but Eric Parke of Novato, CA sought an injunction against the program on the grounds that it was a "fraudulent business practice." The RIAA responded by halting the amnesty effort and asked the judge in the case to dismiss Parke's lawsuit. Trade group officials promised to uphold their part of the bargain for those who signed.
Industry Roundup
Nowhere is the inflationary cycle spinning faster than in concert ticket prices. The best tickets for performances by major pop and rock stars this summer will be priced in the low-to-mid hundreds. No, that's not a misprint, and it doesn't include "service charges" and other bogus fees tacked on by ticket agencies. Good seats for Eric Clapton's summer tour will be more than $250 each; similar seating at Simon and Garfunkel's "Old Friends" show at the Hollywood Bowl will go for $700, according to "Parsley, Sage and $350 Seats," a revealing look at skyrocketing ticket prices by Ethan Smith in the May 7 issue of The Wall Street Journal.
Industry Roundup
Sirius keeps climbing: If recent gains are any indication, Sirius Satellite Radio may reach its break-even number of subscribers. On May 11, the New York–based satellite radio service reported that it had achieved a subscribership of 400,000. The brand will get increased exposure this summer as Sirius receivers go on sale at Radio Shack and EchoStar "DISH Network" outlets. Sirius products from Audiovox, Clarion, Jenson, and Kenwood are already available at Wal-Mart stores and after-market car audio installers nationwide. Other manufacturers signing on with Sirius include Alpine, Blaupunkt, Crestron, Delphi, Eclipse, JVC, Niles, Sanyo, and US Electronics, all with products due this year. The 400,000-subscriber mark is an "important milestone for Sirius," according to CEO Joe Clayton, who said the company is on track to reach a target audience of one million subscribers by the end of 2004.