The Campaign for Cheaper CDs: MPs ready to demand cut in price of CDs
Sunday 25 April 1993
The committee, chaired by Gerald Kaufman, is still hearing evidence but is in no doubt that music lovers are getting a raw deal. 'It is pretty evident that somebody is ripping off the customer,' Mr Kaufman said. 'We just have to find out who.'
The inquiry has now heard evidence from the Consumers' Association, artist managers and retailers. All have blamed record companies for high CD prices, and called on them to cut wholesale prices by pounds 2. Bosses of the record companies PolyGram and EMI will give evidence on Thursday. They can expect a rough ride. 'All the members think prices are too high,' said a source close to the committee.
Members of the committee travelled to the United States to compare prices. They found that in spite of the weak pound, identical chart CDs are still 30 to 50 per cent cheaper than in Britain, where they cost pounds 12-pounds 15.
'Is that a satisfactory situation?' Mr Kaufman asked Brian McLaughlin, managing director of the 92 shops in the HMV chain. 'No,' he conceded.
Independent retailers, who often charge less than the high street stores, welcomed the proposal for a pounds 2 cut but thought chain stores could do more.
Nigel Griffiths, Labour's Consumer Affairs spokesman, said: 'The power of the committee is to expose high prices to public scrutiny, and they've done that very successfully. I also firmly believe that if it had not been for the Independent on Sunday, the National Heritage Committee would not have begun this inquiry.'
The record companies, however, have still to be convinced. Virgin Records informed shops last week that the wholesale price on CDs by best-selling acts such as Phil Collins and UB40 will rise from pounds 7.57 to pounds 8.13. 'I am incensed,' said an independent retailer on the South coast. 'People are already not buying the stuff because it's so expensive.'
The committee will complete its research on Thursday and Mr Kaufman said it would produce its report 'pretty rapidly'.
- 1 Strictly Come Dancing 2014: Gregg Wallace joins line-up as final celebrities revealed
- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Oil tanker with $100 million cargo goes missing off Texas coast
- 4 Saudi Arabia executes 19 in one half of August in 'disturbing surge of beheadings'
- 5 Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
Highly Competitive Salary: Austen Lloyd: HAMPSHIRE MARKET TOWN - A highly attr...
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
Highly Attractive Package: Austen Lloyd: A VERY HIGH QUALITY FIRM A high qual...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...