Seismic Anamoly
Joined: 22 Aug 2002 Posts: 3039
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Posted: Fri Feb 06, 2004 7:25 am Post subject: if you ain't on Magnatune... |
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...some of you damn sure oughta be...
Quote:
We (Magnatune) just got back from the MIDEM music trade show, where we
exhibited. The show was amazing for us -- we handed out over 3000
compilation disks (all 6 genres were popular), had a lot of interest in
the International classical press, had many music licensing inquiries
(hopefully some of them will come through) and created a lot of buzz (a
major label record exec was offended by the "we are not evil" slogan
and told us so, but otherwise response was extremely positive).
Some big items:
EMUSIC:
We negotiated a deal with www.emusic.com to have our music available on
their site to their subscribers. This should produce some revenue,
which I'll be splitting with you as always.
iTunes et all:
Our music will be distributed through several online stores including
iTunes, Rhapsody, the new Napster.com, and others. Again, this should
generate more sales revenue, which we'll be splitting with you.
Physical disks:
We're negotiating to create CDs-on-demand of all our catalog, so that
people can receive a perfect-quality CD in the postal mail of any of
our music. This is still several months away.
Licensemusic.com
This company, who was the inspiration behind our taking a strongly
pro-licensing stance at Magnatune, is interested in representing our
catalog through their site (we fill some significant genre holes in
their offerings). Again, this should generate licensing revenue that we
split with you.
January sales were up, to $10,184 (up from $6587 in December), thanks
mostly to major press in USA today, Sound on Sound Magazine, and Linux
Journal which also caused followup articles in France, Germany and
Denmark.
January web hits were up 50%, to 75,000 people (up from 51,000 in
December)
-john
MAGNATUNE FEATURED IN USA TODAY
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