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Crunch time for singles: the moment for action approaches as consultation project delivers proposals to industry.(Singles)
The record industry is facing decision time over the next three weeks, as it prepares to act over the long-suffering singles market.
The results of the Official Charts Company-driven pan-industry consultation on the singles market are to be presented to retailers and record companies over the coming fortnight.
The results, which will take the form of a series of proposals, will be put to the BPI Council on Wednesday (September 3), the Official Charts Company board the following day and the Bard Council on Thursday next week (September 11).
Any decisions on which proposals to take forward will then be made by the Chart Supervisory Committee made up of representatives of the BPI. Bard and the BBC--on September 23.
The proposals are expected to include a change in the chart rules to support record company moves towards a 1.99 [pounds sterling] two-track single, while also reflecting concern that cut-price singles should be balanced by continuing availability of formats with increased content.
Current rules mean that, to qualify for the chart, singles must have a minimum dealer price of 1.79 [pounds sterling]; to allow retailers to sell singles at 1.99 [pounds sterling], they will need to allow a dealer price of less than 1.50 [pounds sterling].
It is understood that the OCC will also seek ...
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