Wal-Mart Flexes Music Muscle – AC/DC Deal Moves 780,000 – Popular Downloads Now 74 Cents
Just in time for the silly season, Wal-Mart is flexing some serious music muscle in an industry that is basically knocked out on its feet. This past week, AC/DC sold more than 780,000 copies its first new album in over 10 years Black Ice. The exclusive retailer deal, with a substantial marketing rollout by both Wal-Mart and Columbia Records, demonstrated the retailers clout with consumers. In addition, Wal-mart relaunched their...
Yamaha, Fender, Gibson, Guitar Center, Others Probed By FTC For Price Fixing
The Federal Trade Commission is formally investigating several major music manufacturers including Yamaha, Fender, Gibson, Tascam and Guitar Center for what amounts to price fixing. The investigation focuses on MAP (Minimum Advertised Price), a tactic used by manufacturers that mandates a specific price that retailers can charge customer. The investigation has garnered the interest of the entire retail industry since a decision will...
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