A case study that provides good insight into the changing music industry landscape...
In August, Taylor Swift released Look What You Made Me Do, the first single from her new album, Reputation, which finally emerges from its shroud of secrecy tomorrow. The track and its subsequent video broke three records within a week, including first-day streaming figures on Spotify and YouTube respectively. Swift’s sixth album has already thrashed pre-sale records, selling more than 400,000 copies – partially due to an industry standard reward system that gives early purchasers exclusive priority access to concert tickets.These achievements are fairly typical business for Swift, who often finds herself breaking records that were set with her previous release. She has sold more than 33m albums worldwide, thanks to her reluctance to join Spotify until this summer, keeping her sales robust while most artists have experienced a decline.
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