Indie Dispatches: Will the Grammys see an indie upset repeat? + more…

Bon Iver gets multiple Grammy nominations including Best New Artist
Roundup: Grammy Bumps, Pandora’s IPO, Apple Makes Streaming Moves & More

Mumford sells 31K on Grammy day
While Glassnote Entertainment’s Mumford & Sons didn’t walk away with a Grammy award Sunday night, they did see a huge bump in one-day sales for their debut album Sigh No More. It currently is sitting atop the iTunes album chart at #1. Other winners and performers from the night, which saw the largest ratings for the award show in over a decade, are also getting a sales spike in the wake of the event… As anticipated, Pandora filed for an IPO last Friday seeking to raise $100 million, making it the first Internet-music company to go public since Napster went bankrupt in 2002. In filing, it was revealed, among other things, that the company spends half of its revenues on acquiring content, a fact that AllThingsDigital’s Peter Kafka points out, isn’t a bad thing… Reports over the weekend have Apple considering the possibility of turning its paid MobileMe storage service, into a free “locker” for personal memorabilia such as photos, music and videos – reigniting talk of the company’s move into offering a streaming-music function. Meanwhile today, Apple announced the launch of a content subscription system for music, videos, newspapers, magazines and other forms of content, which will work similarly to app purchases, except that customers choose their type of subscription. As for what it might mean specifically for music, Evolver.fm points out; on-demand subscriptions like MOG, Rhapsody, Napster and Spotify, and the paid version of interactive radio services such as Last.fm, Pandora and Slacker, can now charge you for a subscription right within iTunes, with the same convenience for you — and the same loss of revenue for them... Radiohead has announced details about their new album The King of Limbs, which will see a digital release this weekend, a month ahead of a physical release via XL Recordings. The band’s co-manager explains to Music Week the reason behind not releasing the new album in the same manner as In Rainbows… Former EMI Music A&R prexy Nick Gatfield has been named President Of Music Division for Sony Music UK, reporting to Chairman and CEO Ged Doherty… And does Guy Hands really want to double down and make a bid for both Warner Music and EMI?
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Indie Dispatches: Interpol’s Return to Matador, Original Signal in Trouble? & Labels Act on Active Child

Interpol parts ways with Capitol, set to release new album on Matador
Cementing the fact that 2010 is going to be a blockbuster year for independent artists, was the news last week of the impending release of a new record from Interpol. The album will be self-titled and is the New York band’s fourth full-length release. The interesting twist to the story is that the group has decamped from their major label, Capitol, returning to their original home on indie-label Matador Records, who will release the album on September 14th. Those keeping score may recall quite the melee in 2006 as a slew of major record companies tried to sign the band, with Capitol ultimately winning the derby and releasing the band’s third album Our Love to Admire. But the stay proved to be an unsuccessful one, with figures showing the earlier Matador albums greatly outselling the Capitol release, leaving the two to part ways after just one record. As to whether this is an ominous signal for other indie acts that have recently signed to major labels, such as Band of Horses and James Mercer (of The Shins), only time will tell.
The independent arena itself is not free of travails however, if rumors of the demise of Original Signal Recordings prove to be true, it will leave a number of high profile indie bands looking for a new home. Best-selling Swedish group, The Sounds, Kill Hannah, and Ingrid Michaelson are just three of the acts that had their music released via the NY-based label, and who could now be highly sought after free agents.
Finally, it appears that L.A. combo Active Child currently has at least five independent labels vying to ink the band, with suitors including heavyweights Vagrant, Glassnote, and XL. Active Child is centered around choirboy-turned-indie-musician Pat Grossi, who is also noted for his harp playing on stage. The group was among the buzz acts to come out of SXSW this year, and they recently released an EP, Curtis Lane, on Filter Recordings.
- Cool Hand Luke
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