Tescos and the industry

Few quick links here on how Tescos has challenged the traditional music retail business, pushing and squeezing the record labels...
Jan 2004: Report on a court case to stop online retailers undercutting set UK prices through 'parallel importing' compares the action to a case against Tesco's importing of jeans.
30th March 2008: They try to change the fees paid by retailers to record companies. This is a gr8 article for info on how the biz works
22nd Feb 2010: launch own record label, signing Simply Red
21st Oct 2010: In a busy year for 'Scos, they enter a row with Warner Bros, threatening to de-stock all their releases as they try to strong-arm the industry giant into giving them more favourable terms (The S*n headline: Tescos at War-ner with record label)
Dec 2010: They also signed Nadine Coyle of Girls Aloud...but she flopped
7th March 2010: As reported on BBC Radio 5 Live's 'Drive' programme at 6.45pm, Tescos is now seeking to reverse the traditional model of retailers paying £7 or £8 upfront for albums...instead paying just 50p! The move will strongly reinforce the power of the majors and devestate many Indies, and threaten small-scale music retailers too. See Musicweek, FT.com, or YTWHW.com for more.