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It looks like the music industry may be close to switching the global release day of albums and singles to Fridays.
Frances Moore of the International Federation of the Phonographic Industry (IFPI), told Music Week that they are bracing to make an announcement soon. He sounded very positive about the prospect, saying that they were "on the verge of", switching the global release day to a Friday.
“The good news has been the widespread support we’ve seen around the world for global release day — no one has seriously questioned the concept, the only debate has been about the day,” said Moore. “The artist organisations and many retailers and record companies internationally support Friday, and this is backed by consumer research in many countries.”
However, not everyone has been quite so open to the idea of releasing on a Friday, with Martin Millis concerned it will get rid of “one of the trading week’s two peaks, and the ability to re-stock and rectify errors before the week’s second peak”. He added that the IFPI's consultation with the industry is farcical.
“I fear their consultation has been a charade, and the market leaders were always going to push this through,” Millis said to Music Week. “I fear this move will also lead to a market in which the mainstream dominates, and the niche, which can be tomorrow’s mainstream, is further marginalised. I fear it will further cement the dominance of the few – and that that is exactly what it is intended to do.”
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