Billboard Launches “Social 50″ Chart to Rate Artists by Online Popularity

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Musicians and fans will now be privy to a whole new metric of success, thanks to Billboard, who is today launching the Social 50, a chart that measures an artist’s popularity based on social networking activity.

Last March, theyintroduced you to Next Big Sound, a tool that gauges an artist’s popularity based on fan activity across sites like Facebook, YouTube, MySpace, Twitter, iLike, Wikipedia, Soundcloud, Reverb Nation, Pure Volume, OurStage, Vimeo, Bebo, Amie Street, Jam Legend and Virb.

Now the service is getting a shot of old media cache, as it will be providing data to Billboard that will be used to compile the weekly Social 50 chart…

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