As reported at Kings of A&R, major music companies are finding new ways to find money, and in this case labels have increased the prices for venue CD’s (CD’s that artists buy back from their label to sell at their live performances). Sources have told KOAR that the major labels are now treating their own acts as a ‘retailer’ and selling CD’s at whole sale prices to their OWN artists. Some labels have increased the CD price from $6.00 to $6.50 and one major label charges its artists $12.00.
In my opinion, I don’t doubt this is happening and sounds far too likely a scenario to be bullshit, but I wish KOAR would have evidenced this by actually citing a label or even a band. In any regard, if true, it’s yet another sign of desperate times for the major label world.
Major Music Companies Pass On Extra Costs To Artists » KOAR News
