Billboard magazine and Microsoft Corp. are teaming up to target surging growth in the Latin music market with a new Web site devoted to Spanish-language artists, news and awards.
Billboard, a Manhattan-based publication most famous for its music charts, is responding to the popularity of Latin genres like reggaeton and artists such as Shakira and Daddy Yankee, said Scott McKenzie, a Billboard editorial director. The new site -- through MSN -- is Billboard’s first devoted exclusively to one genre.
I hope the actual product will be based on a better-informed study than that last sentence. Shakira and Daddy Yankee don't share a genre -- there is no one "Latin music genre", but rather a Latino music umbrella under which with countless genres live, as different between them as country and western is to gangsta rap. And no, I am not exaggerating.
Contrary to what Web 2.0 thinks of the Latino market (see previous post), Billboard has confidence in Latino spending power.
“The spending power of the Latino market is on many businesses’ minds
these days,” Mr. McKenzie said, pointing to increasing demand from
advertisers. “From a value point of view, I see numbers in the hundreds
of millions if not billions.”
And rightly so. First (or better) one to the market gets the big fish.
Crain's New York Business READ MORE
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