STACKING UP SALES
Total album and single sales of compact discs and audio cassettes for the week ended Dec. 14, compared to sales of the previous week and the same week of 1993, in millions of units sold:
Latest week Albums: 21.2 Singles: 1.9
Week-ago Albums: 15.9 Singles: 1.8
Year-ago Albums: 19.6 Singles: 2.5
Hits Magazine Tip of the Week
Jim Guerinot, former A&M; Records marketing executive and current manager of multimillion-albumselling band Offspring, has signed a five-year deal with BMG for a new “custom” label. The imprint will be financed and distributed by BMG’s successful Arista label. The deal was personally handled by newly appointed BMG Entertainment North America President and CEO Strauss Zelnick, reversing a long trend of unconcluded negotiations undertaken by the German-based media conglomerate.
Note: Hits magazine is a weekly music industry trade publication.
Source: SoundScan Inc.
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