The International Federation of the Phonographic Industry (IFPI) officially announced the global release date will be Fridays and not Tuesdays starting this summer. Here's the statement, “The compelling logic of Friday is that it is the day that best suits consumers … the highest footfall in physical retail stores and the highest levels of purchasing traffic online. It’s also the time of greatest activity on social media, helping amplify the buzz around new releases everywhere. And the weekend is a time for greater spontaneous purchasing.” It was initially only speculation, according to Music Week. Now that the move occured it would bring the rest of the world in line with Australia and Germany (among other territories) with a universal release date. The Friday release date will hopefully benefit from higher foot traffic in stores towards the end of the week.

"The whole dynamic of the global release day consultation has been driven by one thing and one thing only - how best to serve the music consumer," said IFPI CEO Frances Moore. "We've had a long consultation involving retailers artists and record labels, and we have looked at a large amount of insight and research. The good news has been the widespread support we've seen around the world for global release day - no one has seriously questioned the concept, the only debate has been about the day. The artist organizations and many retailers and record companies internationally support Friday, and this is backed by consumer research in many countries."

The move isn't being completely lauded by other decision makers. Beggars Group head honcho Martin Mills has issues with the proposed change. "“I have concerns about the proposed global release day,” he said. “Whilst I acknowledge the needs of a digital world for co-ordination, it seems to me to be crazy to throw away one of the trading week’s two peaks, and the ability to restock and rectify errors before the week’s second peak."

Music Week also reports that retail monster Target may drop music from its stores altogether because of the high incurring costs.

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