CD Price Cuts Could Mean New Artists Will Suffer

Article Abstract:

Music stores may be getting their long-sought after reductions in prices of music CDs, but specialty retailers are unhappy with new terms and reduced profits from the recording industry. Universal Music feels that music stores should welcome the opportunity to recapture customers who have flocked to online music file downloading. Retailers feel that reduced promotional subsidies will hurt the opportunity to promote new artists. Chain and discount stores tend to avoid marketing new singers and bands. If specialty music stores cannot get the financial support they need from the industry, then new recording artists will have difficulty getting needed exposure.

Financial management, Economic aspects, Finance, Company financing, Universal Music Group, Music promotion

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Music Retailers Slow to Adopt Plan to Lower Price of CD's

Article Abstract:

The recording industry and music stores are in conflict over reduction of CD prices. The industry wants to push price breaks, but retailers believe they will suffer financial losses and are hesitant to adjust retail prices of sound recordings. Virgin Megastore, a leading retailer, has not lowered its prices because of the loss of promotional subsidies from the recording industry. Only Universal Music is promoting lower prices, while Sony Music, BMG, Warner Music, and EMI are waiting to see if the lower price strategy will force them to make competitive adjustments.

Commodity & service prices, Prices and rates, Sound recordings, Company pricing policy

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Snack foods become stars of books for children

Article Abstract:

Children's book publishers and snack food manufacturers have joined forces to make reading more appealing to youngsters. A Massachusetts nursery school teacher initiated the idea to use favorite snacks foods in books to make reading, counting and other exercises interesting to children. Book publishers pay food companies a licensing fee to use brand names in books such as 'Kellogg's Froot Loops! Counting Fun Book.'

New Products/Services, FOOD AND KINDRED PRODUCTS, Snack Foods, Snack Food Manufacturing, Book Publishers, Targets & Markets, Books, Book Printing & Publishing, Publishing industry, Snack foods industry, Book publishing, Children's literature

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