U.S Labels feeling envy at Disney's Success · Jul 3, 12:58 PM by Hannah Freak
After an 8 year sales slump the record labels are growing envious of Disney’s success with High School Musical and of course our personal favorite Hannah Montana.
What does this mean? Well in a recent article I think Fred Goldring hit the nail on the head when he said:
“I predict in the next 12 months, you’ll see a lot of these companies chasing the tween market, and I think they’ll do it pretty well,” said Goldring, noting that tweens and their parents are among the consumers still buying CDs at a time when many music fans are increasingly downloading songs from online stores like Apple Inc.’s iTunes.”
But David Agnew from Disney Music Group isn’t concerned.
“I’d be surprised if labels don’t try, but they don’t have the multiple platforms,” said David Agnew, general manager of Disney Music Group. “Disney Channel has been an incredible incubator and that’s something our competitors may never have.”
What does this all mean for us fans? Well in a nut shell we can expect alot more music geared towards “Tweens” to hit the market in the next 12 months, but I agree with Goldring, noone has the power Disney has in this market.
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