Independent Record Label Claims First DVD-Audio Release
Warner Music Group may have just announced its first DVD-Audio titles (see related">http://www.stereophile.com/news/10861/">related story), but an upstart independent label is claiming the first DVD-A discs actually available for sale. In an attempt to establish itself as the leader in the new DVD-Audio format, 5.1 Entertainment Group's Silverline">http://www.silverlinerecords.com/">Silverline Records says it has begun shipping the first commercially available 24-bit/96kHz DVD-Audio disc, Swingin' for the Fences, by Gordon Goodwin's Big Phat Band.
Industry Bits & Bobs
Good Morning America: The war for listeners between XM Radio and Sirius Satellite Radio has seen MLB go to one broadcaster (XM) and Howard Stern to the other. On June 21, Sirius announced an agreement that will put the BBC's popular Radio 1 on a time-shifted broadcast schedule. The time-shift will enable American listeners to hear Radio 1's broadcast day "as it was intended—with Chris Moyles' Breakfast Show in the morning, Scott Mills' show in the afternoon, and kicking off the weekend with Pete Tong's Friday night Essential Selection," according to a press release.
Industry Financial View Uncertain
Financially, the winter months have been all over the map. Some electronics companies have reported upswingshttp://www.stereophile.com/news/030804retailing/">upswings; in revenue, but others are experiencing a decrease.
Industry Group Forms to Promote DVD-RW
The entertainment industry's worst worry—copyright infringement—just got a lot worse. A consortium of 12 major high-technology companies has been organized to promote a rewritable DVD technology developed by the Pioneer Electronics Corporation, according to a May 9 press release from Tokyo.
Industry News Roundup
One might assume that the mutually dependent businesses of electronics manufacturing and retailing would track each other in perfect unison. That's often true, but they can sometimes get wildly out of sync with each other. It's one of the great economic mysteries.
Industry News Roundup
Wiz stores sold: Cablevision Systems has made good on its promise to exit the consumer electronics retail business. On March 6, the Bethpage, NY–based cable giant announced the sale of its 17 remaining Nobody Beats The Wiz stores to GBO Electronics Acquisition LLC in a stock transaction, effective immediately. GBO will assume The Wiz's assets and debt, according to a Cablevision statement.
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.