Record labels step in to ease HMV woes

News: 11th April 2011 by Louise Dodgson under Record Labels, Selling & Distributing Your Music

Source: http://www.flickr.com/photos/spilt-milk/387626752/

A new agreement is being discuessed between music retailer HMV and the record labels who stock the chain which should help reduce the costs which HMV has and will hopefully ease the financial burden a little. A selection of non-chart, back catalogue CDs will be provided to the retailer on a sale or return basis, rather than paying for a bulk load in advance which is what usually happens. This could save HMV between £10m and £15m, so is definitely worth putting into effect.