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Monday, 10 May 2010 - Idol creator Fuller marks iTunes milestone |
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    Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared No end in sight as huge U.S. oil spill veers west | Video 2:54am EDT Global, emerging stocks rally after EU package 3:29am EDT WRAPUP 5-U.S. Gulf oil spill spreads west toward Texas 09 May 2010 Obama to nominate Kagan for Supreme Court: sources 2:33am EDT EU, IMF stitch together $1 trillion emergency fund | Video 3:30am EDT Nasdaq adds 12 stocks to list of canceled trades 09 May 2010 Gulf oil spill spreads west toward Texas | Video 09 May 2010 Oil at $65 a barrel may sound alarm bells for OPEC 08 May 2010 Florida has most to lose from oil slick 05 May 2010 Study finds what makes calorie-burning "brown fat" 06 May 2010 The Science of Success 27 Apr 2010 No end in sight as huge U.S. oil spill veers west | Video 2:54am EDT Florida has most to lose from oil slick 05 May 2010 Travel Picks: Top 10 islands off the beaten track 08 Jan 2010 Italian fund F2i suing Citi over investment plan 07 May 2010 EU, IMF stitch together $1 trillion emergency fund | Video 3:30am EDT Full text of EU crisis mechanism agreement 2:29am EDT Q+A-Details of EU crisis-prevention measures 09 May 2010 WRAPUP 5-U.S. Gulf oil spill spreads west toward Texas 09 May 2010 Obama biggest recipient of BP cash 05 May 2010 "Idol" creator Fuller marks iTunes milestone Jill Serjeant LOS ANGELES Mon May 10, 2010 3:18am EDT Kelly Clarkson performs on her north American leg of her ''All I Ever Wanted'' tour at the Casino Rama in Orillia, Ontario October 15, 2009. Credit: Reuters/Fred Thornhill LOS ANGELES (Reuters) - "American Idol" creator Simon Fuller on Monday marked a digital music milestone, and said he was looking to the Internet and other digital platforms for the next big thing in global entertainment. Entertainment  |  Technology  |  People  |  Lifestyle  |  Media At a time of crisis in the recording industry, Fuller's roster of singers which includes "Idol" winners Kelly Clarkson and Carrie Underwood, British singer Annie Lennox and The Spice Girls, have sold 160 million songs on iTunes, his artist management company 19 Entertainment said. Billboard's Fred Bronson called Fuller's 160 million iTunes tally "historic" in a decade which has seen album sales slump and cheaper, digital sales soar. "He is without question the biggest manager of the digital age," Bronson said. The British entrepreneur teamed up "American Idol" with iTunes at the Apple music store's 2003 launch, spotting its potential to capitalize on the TV singing show's appeal and the tens of millions of fans who watch it weekly. "I felt there was a real synergy with what I do, which is launching new artists and TV shows, and what iTunes does, which is to sell music in an immediate and interactive way," Fuller told Reuters in a rare interview. According to the world recording industry group IFPI, physical sales of music fell by 12.7 percent globally in 2009 while digital music sales rose by 9.2 percent to $4.3 billion -- more than 10 times the digital market value in 2004. THINKING GLOBALLY Fuller, who turns 50 years-old next week, said the speed of change had come as a shock to the music industry but he expressed hope for the future. "The future is all about how the digital and the physical worlds can co-exist," he told Reuters. "I think music in the long term is going to be just fine. But in the short term, as we see, (it's) bedlam and chaos. We have to reinvent, in music, TV and movies, that interaction between the consumer and the content we create." Universal Music Group International chairman Lucian Grainge said digital distribution is a good fit for Fuller's global entertainment strategy. "Today's digital platforms for selling music and reaching consumers worldwide means, quite simply, that the future belongs to people like Simon," Grainge told Reuters. Steve Knopper, author of the 2009 book "Appetite for Self-Destruction; The Spectacular Crash of the Record Industry in the digital age", said that although traditional album sales are shrinking, music is in good shape. "The things that 'American Idol' has been doing and the way that Simon Fuller has been marketing the franchise digitally and otherwise, indicates that pop music is very healthy right now," Knopper said "They are serving an important function for the record labels by putting pop music before the public in a mass way," he said. Fuller is already placing his bets on a future in global entertainment based on the Internet. In March, he launched his multimedia interactive reality TV project "If I Can Dream", which follows a group of aspiring singers, dancers and actors living together in a "Big Brother" style house as they try to break into Hollywood. "I think you have to be in that Internet space to fully grapple with the challenges that we face and hopefully define the next entertainment phenomenon," he said. He described "If I Can Dream", which streams on Hulu.com, as a "fascinating experiment". "I consider what I am doing right now as being the scientist in the laboratory doing endless experiments, most of which may not work, but I will learn more and more." "This is the Wild West," he said. "You throw seeds down. Some grow and some don't." (Editing by Bob Tourtellotte) Entertainment Technology People Lifestyle Media     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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