Record labels have decided on the price of music in Russia
Roman Yaroslavtsev, Webplanet.ru
The Monolit sound recording company is to sign a contract with Sony-BMG on supplies of music content that will appear on the MP3.ru website and in jukeboxes. The company declared that it will be the first Russian partner for major Western record labels.
Sony-BMG will supply Monolit a catalogue of 30,000 music tracks, where the cost of a song will be 50 cents. By the end of the year, the owners plan that up to 100,000 people a day will visit MP3.ru, with daily income up to $35,000. Music sales through vending machines could also generate a reasonable income and 300-400 units for the sale of music are planned for installation throughout the country.
