Billboard has announced their new Social 50 chart. Serving as a complement to Billboard’s existing weekly rankings, the Social 50 chart will tally artists’ popularity using a formula blending weekly additions of friends/fans/followers along with weekly artist page views and weekly song plays on MySpace, YouTube, Facebook, Twitter and iLike. Data from these sites is gathered and provided to Billboard by social music tracking service Next Big Sound.
“We continue to adapt the way we chart the changing landscape of music,” says Billboard editorial director, Bill Werde. “The Social 50 is yet another step in the evolution of Billboard and an important response to our changing times.”
Bill, you should have launch the Social 50 chart at least 2 years ago. Billboard is behind the times and simply too scared to adapt and seems like the old method of charting music is becoming pointless and outdated.