NEW PRODUCTS: Low Note

Manhattan's Remington Records, Inc. struck a pleasant new price note in the record business. It announced a 10-in. vinyl-plastic long-playing record of popular songs and light classical music to sell for 99¢, well under the current prices for such platters. Classical records were tagged at $1.49 and $1.99, some 50-60% cheaper than other 12-in. long-playing discs. Remington President Donald Gabor* explained that he had developed a production process which enables him to turn out a 10-in. record for 21¢, about half the former manufacturing cost. Although Remington is short of name stars,...

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