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IFPI’s Digital Music Report 2010
Global digital music trade revenues reach US$4.2 billion, up 12% in 2009.
400 services licensed worldwide by music companies with ISPs, mobile and other partners.
New figures show local music collapsing in major markets as piracy bites into releases, sales and investment in France, Spain and Brazil
via RESOURCES – IFPI publishes Digital Music Report 2010.
Total music sales down by 30% between 2004 – 09 (ouch), CDs still accuunt for 73% of the market value.
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- Digital music sales rise but piracy is sour note (sfgate.com)
- Digital Music Sales Are Booming, But Industry Still Cites Piracy Woes (paidcontent.org)
- Piracy ‘creates cultural deserts’ (news.bbc.co.uk)
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Nokia Launches Free Navigation Services: TomTom shares take another dive
Fears that Nokia’s gratis offering could diminish the need for separate, turn-by-turn navigation devices, like those made by TomTom NV, hit the Dutch company’s shares, which were down 10% in afternoon trading in Amsterdam. Nokia’s shares, meanwhile, rose 1.4% in Helsinki. Until now, Nokia customers have had to pay for navigational services that work without Internet connectivity on their phones. The new offer allows customers to download maps of over 180 countries from Nokia’s Web site for free and includes features such as travel guides and new graphics, Nokia’s executive vice president for markets, Anssi Vanjoki, said in an interview.
TomTom’s shares have now dropped by 50% within six months. Losing 40% when Google bundled turn-by-turn navigation into android, and now Nokia has been forced to offer navigation for free to help sell more handsets (a shift from previous plans to generate revenue from services in a commodotised handset market). Is the dedicated GPS device going the way of the fax machine?
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- Nokia to offer free mobile navigation services (sfgate.com)
- Nokia launches sat-nav challenge (news.bbc.co.uk)
- Nokia Now Offering Free Ovi Maps Globally, Garmin and TomTom Start Weeping (inquisitr.com)
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Dallas Observer on Blockbuster
Good roundup piece on Blockbuster in the Dallas Observer featuring a bit of an interview with CEO Jim Keyes.
Some of his quotes.
On store closures
Retail chains are like trees. They get dead limbs, and you have to prune them. And sometimes you have to aggressively take off the lower limbs for the tree to grow high. When we cut off a limb, there’s a perception we’re going out of business, when, in fact, we’re keeping up with the changing needs of the customers.”
On their ‘recovery’
Blockbuster, Keyes says, “is a football team that’s rebuilding. At first, the press is all over you. They’re gonna hammer you, tell you you’re dead, you’ll never be as good as you were. Meanwhile, you’re slowly building positions with strong players, and in three years you’ve got a winning team.”