Got to love the New York Post. Anything to put a picture of Ashley Tisdale in the paper. But the graphic, in that USA Today bite-size kind of way, tells a sad tale.
The number one album of the year is going to be High School Musical 2. It will also be a new record low for a #1 since 1991 at a tiny 2.5 million sold (estimated).
Last year, HSM was the first number album in the modern CD era to hit that coveted spot but still not reach 4 million. A year later, the new low is under 3 million. Got to love the lowers highs.
Howie Klein, former chief honcho over at Reprise, has a little more insight into the Warner approach during the days Doug Morris was avoiding “technologists” because they could have had cooties. Different story, same sad state of current affairs.
In 2007, the number one album will sell 2.5 million copies. That’s about $25 million in revenue.
Is it better to fund rock stars or those who just want to pretend?
Guitar Hero 3 will sell an estimated 7.5 million units this year alone. It was released in October.
Guitar Hero 3 will generate $550 million in revenue for Activision this fiscal quarter.
Activision has a $6b+ market cap.
Live Nation, where most of the real rock stars go when they need a touring deal, is close to dropping below $1b.
Which one has a better pulse on the future?
