As the price of physical music has nosedived – led by discounting at supermarkets combined with the industry’s attempts to compete with the illegal market – practically no albums are now sold at Published Price to Dealers.

Many record companies are now convinced that the current mechanical rates (set in 1989 as 8.5% of PPD, collected by MCPS and paid back to songwriters and publishers) must be cut if labels are to have any hope of running at a profit and, therefore, investing money in new acts.

This debate is going to get very interesting.

We invite your comments on it here.

Watch this space…