Coldplay isn’t making its latest album, Mylo Xyloto, available on Spotify or any other streaming music subscription service.
Fans will either need to purchase physical copies or MP3 downloads from places like Apple’s iTunes store, Microsoft’s Zune store or Amazon.
The reason for the decision isn’t entirely clear. An anonymous industry source told Cnet that Coldplay wants Mylo Xyloto to be heard as “one cohesive work” — which hardly makes any sense, given that the songs are available for individual purchase online.
The decision is more likely financially motivated. As one of the world’s bestselling music artists, Coldplay stands to make a great deal more money by encouraging the tens of millions of consumers who have streaming music subscriptions to purchase the songs.
Recording artists only make about three-tenths of a cent every time one of their songs is streamed, and 20 cents for every song sold on iTunes, according to estimates published in Rolling Stone.
The decision not to stream appears to be an effective one, as The Guardian points out. Adele’s latest album, 19 — which hasn’t been made available on subscription streaming services — recently broke sales records worldwide. And Mylo Xyloto is on track to hit number one.
In an emailed statement, the band’s record label, EMI, said, “We always work with our artists and management on a case-by-case basis to deliver the best outcome for each release.”
Spotify, for its part, said that it respects Coldplay’s decision not to have its music on Spotify, whatever the reason. “We do however hope that they will change their minds as we believe that the Spotify model is adding, and will continue to add, huge value to the music industry,” a spokesperson said. “Right now we have already convinced millions of consumers to pay for music again, and… As we increase in scale, we will continue to re-educate millions of additional consumers as to the value of music, and we will thereby revitalize artists’ ability to make music and make money from it.”
Rhapsody declined to comment.
Should Artists Delay Album Releases on Streaming Services?
For popular, established artists such as Coldplay and Adele, electing to withhold their new releases from streaming services — for some time, at least — is likely a financially savvy strategy.
This is not necessarily the case for less established artists. Speaking of its client Idle Warship‘s decision to distribute its latest album on Spotify three weeks before its official release, Element 9 VP Stu Pflaum said, “I think we gain more than we lose, especially with an underground project like Idle Warship where it’s not that well known. Just getting the music in people’s hands is the ultimate goal.”
“Our web traffic has more than tripled in terms of site visitors and discussion,” he said in a separate interview with Billboard. “Nobody is pirating the album even after we’ve distributed promo copies. And most importantly, we’re getting real-time feedback from listeners on which tracks they favor and are able to adjust our marketing accordingly with most of our budget still intact. The group and the album have a legitimate buzz now.”
It will be interesting to see whether a trend is established between bestselling and lesser-known artists, and the timeliness with which each group releases new songs and albums on streaming music services.
Via Mashable: http://www.mashable.com