Universal Cuts CD Prices Rolling Stone - With album sales in a multi-year decline, the world's largest record company, the Universal Music Group, announced today that it will be drastically cutting the price of its CDs.
Starting as early as October 1st, the Manufacturer Suggested Retail Price for new CDs by Universal artists -- which include U2, Eminem and Ashanti -- will be $12.98. Releases currently selling for between $16.98 and $18.98 will receive the same discounted sticker price.
That is a 30% reduction! What other industry could reduce their price by 30%? Can you imagine Ford lowering the price of cars 30%? This is just more proof that the music industry is pricing CDs to high. Something I have been saying for a long time.
7:57:12 AM
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