New York City (January 23, 2006)–eMusic has announced that, effective today, its sales figures are being reported to Nielsen SoundScan. By reporting this data, eMusic expects to reveal a more precise picture of digital music market sales to SoundScan.
“The independent music sector is enjoying spectacular growth while overall recorded music sales from major labels continue to decline, and yet many in the music industry treat the independent music market as an afterthought,” said David Pakman, CEO of eMusic and a managing director of Dimensional Associates, the private equity arm of JDS Capital that owns eMusic, The Orchard and Dimensional Music Publishing. “We’re certain that independent music market share has been inaccurately reported. The strong growth of the independent sector can be attributed to the efforts of businesses like eMusic which have invested millions of dollars to promote and carefully merchandise music outside the mainstream top 40. By reporting our sales data to SoundScan, macro digital music sales figures will shift, reflecting a dramatic increase in independent music market share.”
eMusic is now second only to iTunes in monthly download sales, even though its entire one million-track catalogue is comprised entirely of music from independent labels. Over the past 24 months, eMusic has sold more than 45 million tracks; this represents more music than was sold by other major music services like Rhapsody, Microsoft’s MSN, Yahoo!, and Napster combined. This accomplishment is that much more remarkable because eMusic has no major label content in its service, only tracks from 3800 of the world’s largest independent record labels including: Rykodisc, TVT, Concord Music Group, Naxos, Beggars Banquet, KOCH Records, Epitaph, Comedy Central Records, Smithsonian Folkways, Dischord, Merge, Razor and Tie and Sun Records.