Statement on proposed Global Release Date for Music
DG Kim Bayley issued the following statement on proposed Global Street Date.
Following a meeting called by UK record companies trade
association the BPI on Friday, 3 October to discuss the proposed
Global Release Date for music, Entertainment Retailers Association
Director General Kim Bayley this morning issued the following
"We are grateful to the BPI for the efforts they have made to
consult with UK retailers, but it seems apparent that a decision to
impose a worldwide Friday release date for music is being pushed
through by the international headquarters of the major record
labels regardless of any input from retailers and digital services
in the UK, US or elsewhere.
"ERA believes there are strong arguments in favour of adopting a
Global Release Date. However, it is incumbent on those proposing
the change to make a robust assessment of the costs and benefits of
choosing any particular day of the week. Unfortunately those
promoting this plan are giving the impression that they are set on
selecting Fridayregardless of any evidence.
"A Friday release date will undoubtedly cause logistical
problems and additional costs for both digital and physical
retailers. The current UK Monday release day allows for restocking
and correction of metadata issues well ahead of the busy weekend
period, something a Friday release day would not allow.
"Consumer research in the UK indicates that music fans prefer a
Monday release day. Furthermore indications are that the
video industry has no intention of moving its own release day to
Friday, meaning retailers will potentially have to manage two
separate release days.
"The only justification for a Friday release date would be if it
resulted in a net increase in sales. No evidence has yet been put
forward that this would be the case.
"ERA is working with the IFPI, the international body which
represents the three majors, to gather such evidence, but it seems
that their hands are tied.
"ERA urges the executives within the major companies who are
pursuing a Global Friday Release Date to adopt a more open-minded
approach and to undertake genuine economic research into the impact
of their plans. If they do not, they run the risk of making a
difficult trading environment for music retailers and digital
services even more difficult."