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Music Industry / Rent-A-Record #285617

CBS Evening News for Friday, Aug 27, 1982
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(Studio) General slump in music industry noted.
REPORTER: Charles Kuralt

(Hollywood, California) Record industry's concern over current fad of renting records examined. [Odyssey owner Willie CLARK VAN BRUNT - explains econ. logic of renting albums.] Est. amount of lost revenue due to home-taping mentioned. [Elektra, Asylum Records spokesperson Vic FARACI - considers situation dangerous to industry] [CUSTOMERS - defense practice.] Devo's estimate losses on last album cited. [Devo spokesperson Jerry CASALE - thinks the artists are ripped off.] [Cherokee Recording Studios spokesperson Con MERTEN - comments on studio's losses.] Future course of events considered.
REPORTER: Jerry Bowen

Bowen, Jerry;
Kuralt, Charles

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