Kirk Franklin, probably one of gospel music’s biggest stars, is
launching a new record label with Sony Corporation’s RCA Records called
“Fo Yo Soul” and he hopes that his popularity will increase sales of
CD’s.
Although most types of music come and go, gospel music sales have
held steady over the years and now Franklin is hoping to capture the
younger and more secular market.
Following his successful arena tour last year, Franklin wants to try
and boost his mainstream visibility and by launching this new record
label, he is hoping to do just that. He will also be chairman and chief
executive of the new “Fo Yo Soul” record label.
Franklin also made a deal this year with Sirius XM Radio Inc. to take
over their gospel channel and he was also enlisted to revamp the House
of Blues nightclub chain and its signature gospel brunch by Live Nation
Entertainment Inc.
“It’s kind of hard if you have people
running a label that don’t go to church,” said Mr. Franklin. “You don’t
know what the choirs are singing.”
Mr. Franklin, 43 years old, will be
chairman and chief executive of the new Fo Yo Soul Recordings, which
will have an emphasis on younger and more secular acts than RCA’s
existing gospel imprint. It is one of a series of interlocking endeavors
designed to boost Mr. Franklin’s mainstream visibility, following a
successful arena tour last year.
According to Nielsen SoundScan (the
official method of tracking sales of music and music video products
throughout the U.S. and Canada), almost 5.4 million gospel albums were
sold in the U.S. last year with about 75 percent of those sales being on
CD.
Gospel Album sales showed a slight increase from 2008 whereas album
sales from all genres dropped from 486 million in 2008 to 316 million
last year, according to SoundScan figures.
Although gospel fans tend to be slightly older than the average music
buyer, they have recently become surprisingly attractive to the music
industry because they tend to support participatory live shows and
physical products.
Both the classical music and jazz music industry are bigger than the
gospel music industry but Franklin believes that gospel music can do
even better if he widens its scope to include secular pop culture.
In order to attract new talent, fans and corporate sponsorship,
Franklin intends to use his live music venues to promote the new gospel
music along with satellite radio channels and his new record label.
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