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Talent Resume: "You're a Good Man Charlie Brown", One of the Gang, Savannah High School, Savannah, GA "Godspell", Disicple, Savannah High School, Savannah, GA |
The end of the co-op discounts will mostly hurt large chain CD music retailers like Virgin Entertainment Group and the parent company of Tower Records, said Phil Leigh, an analyst at Inside Digital Media in Tampa, Fla Spinozzi said CDs at Borders sell for between $11 He predicted the other four major recording companies will follow Universal's lead "Unfortunately, we're at the stage where there are way more questions than there are answers 99 and $13 "I like the idea of CDs coming down in price Universal Discounts CDs to Mixed Reaction Sep 4, 6:32 PM EST Universal Music Group's strategy of lowering its CD prices is good news for music fans, but some traditional music retailers on Thursday worried the move may damage their business While it changed its suggested retail price to $12 fewer gross margin dollars per CD, and we hope because of that we'll attract a lot more people to the store," said Mike Spinozzi, Borders' senior vice president and chief marketing officer Universal said Thursday it would stop the common industry practice of giving discounts to retailers who spend their own money to advertise or prominently display its CDs "There's going to be a lot of deflation 98, it hopes retailers will charge below $10 A day after Universal announced a cut on the wholesale price of most of its CDs and an end to advertising discounts, retailers large and small began assessing how the new pricing plan would affect them 02 But several declined to discuss how the pricing initiative would affect their profit margins or conceded it was too early to tell " Foster said he is particularly worried about losing the so-called co-op money that helps pay for advertising and in-store promotions such CD listening stations "The labels had an interest in protecting (music stores) because they had large receivables from them and it was their standard distribution channel," Leigh said Universal said it hopes to revive CD sales after a three-year decline the recording industry blames largely on illegal file-sharing over the Internet and Amazon "We intend on passing the reduction to the consumer," he said com, issued statements generally praising Universal's move to slash prices as a good way to lure customers Calls Thursday to Virgin and Tower Records' parent were not immediately returned Universal's new pricing strategy will take effect next month Analysts have reported in recent weeks that Internet music downloads from pay services will gradually overtake the physical CD in coming years, and Leigh said Universal clearly recognizes the old music-marketplace rules won't apply much longer Retail chains for whom music sales represent only a fraction of their business, including Borders, BestBuy, Wal-Mart Stores Inc 98 from $18 09 from $12 "Now the Internet comes along and over time it begins to erode the foundation of the incumbent distribution channel It's no longer worth it to protect your incumbents It's a fundamental thing that has to happen in the industry," said Rand Foster, owner of Fingerprint, a record store in Long Beach, Calif The company said it would cut the wholesale price of most top-line CDs to $9 Some independent record store operators said they were not sure how far they would discount Universal CDs or how the new pricing policy would benefit them 99, but it's possible Universal CDs will be reduced to below $10 " 23 and was seen as a key part of the network's effort to rebound in the ratings m He was stricken while on the set of "8 Simple Rules Those scheduled to be part of the special include Suzanne Somers and Joyce DeWitt, who costarred with Ritter in the 1977-84 sitcom "Three's Company," and Katey Sagal, his co-star on the ABC sitcom "8 Simple Rules for Dating My Teenage Daughter Ritter's publicist, Lisa Kasteler, did not release details of the service EDT Tuesday " ABC was weighing the future of the show, which was to start its second season Sept John Ritter Remembered in Private Service Sep 16, 9:16 AM EST Actor John Ritter was remembered by his family and close friends at a private service Monday, four days after his sudden death She said a public memorial was being planned and Ritter's friends and colleagues will pay tribute to him in an ABC News special "A Life of Laughter: Remembering John Ritter," an hour-long program anchored by Diane Sawyer, will air at 8 p " Ritter, 54, died last Thursday after suffering a tear in his aorta |
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