Friday, March 07, 2008

Wal-Mart Gets Tough With The Major Labels

Wal-Mart has recently proposed a new five-tiered pricing scheme that would allow it to sell albums at even lower prices and require the labels to bear more of the costs…(= less money for artists) While the proposal was presented only as a starting point, one label executive said, "This sounds like the Hail Mary pass, and if it doesn't work, they could be out of the music business; or maybe they reduce music down to a couple of racks from the 4,000 titles carried by Wal-Marts with larger selections.”

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