, announced Tuesday that it has become the first global music company to abandon the “outdated” industry distinction between “frontline” — a.k.a. new releases — and older catalog recordings.
The music business has always focused on the new, pouring most of its resources into discovering, developing and breaking new artists. Yet the value of catalog became more apparent in the 1980s, as fans replaced their favorite vinyl albums with CDs, and older material became a booming business, with major labels developing catalog divisions such as Warner’s Rhino and Sony’s Legacy, that focused on reissuing and repacking older material, often in lavish boxed sets.
Tuesday’s announcement basically codifies that business plan. BMG’s recorded catalog divisions will now report locally to their country of origin and then globally through EVP of global repertoire Fred Casimir for all sales outside the owning territory, which is the same structure the company uses for what the announcement haughtily characterizes as “new so-called ‘frontline’ recordings.”
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