![]() ![]() Agreement in principle has been reached on a new three-year deal, which is due to go into effect on Jan. And other BIEM, IFPI Enter Into Three -Year Pact BY MIKE HENNESSEY LONDON The long-standing deadlock between IFPI, the international record and video manufacturers' group, and the international royalty collection agency BIEM over terms for the renewal of the standard mechanical royalty agreement has finally been resolved. But some independent dealers were openly selling it for substantially higher tags as demand palpably outstripped supply. The major chains all agreed to waive profit margins and stick to the recommended price of.35 pounds (roughly $.60) for the single, proceeds from which are going to help relieve the famine in Ethiopia. charts, selling more than a million units on the way to almost certainly becoming this country's biggest -selling single ever, there were rumblings of discontent from some sectors of the retail trade. 5 THE INTERNATIONAL NEWSWEEKLY OF MUSIC AND HOME ENTERTAINMENT DECEMBER 22, 984 Charity Single Emerges as U.K.'s All -Time Top Seller BY PETER JONES LONDON As the all-star single "Do They Know It's Christmas?" hit the No. ![]() 3 r' SPOTLIGHT ONE ITALY J In This Issue. ![]()
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