Universal Music to Cut CD Prices to Under $13

[Chuckiechan]

At least someone is seeing some reality!

http://news.yahoo.com/news?tmpl=stor...dc_4&printer=1

[Mike]

This will be a stimulant for a short time. They'll need to start charging lower amounts later. Especially because online services like iTunes are becoming more popular.

[ShawnD1]

How is that a price drop? When I go into Best Buy I can buy most CDs for $12.

Originally posted by Mike
This will be a stimulant for a short time. They'll need to start charging lower amounts later. Especially because online services like iTunes are becoming more popular.

What would you think be a reasonable price Mike?

[Mike]

Well honestly I think it depends on how many hits are on the CD. It's really bad when you pick up a CD and it only has one hit yet they still charge like $15+ for it.

[Telexen]

the article says on most CDs ... so like 2 different albums - their lowest sellers

[pickel]

I'm sorry, but due to the fact of how the RIIA has become the Big Brother of the music industry, no matter how inexpensive they become , I refuse to spend any of my income to purchase CD's at a retail level. I have a vast collection of 33 rpm vinyls and will burn them to CD first.

[Mike]

Well I am rather curious to see the full list, but the artists they cut album prices are serious artists:

Starting in October, Universal, the home to such artists as Mary J. Blige , U2 and Elton John, will trim its prices on most of its CDs to $12.98 from its current $16.98-$18.98 range of prices.

[Telexen]

"This doesn't have as much impact as it looks," one record executive said. "The labels were offering some discount programs to the retailers that would now end. So it's not entirely clear how much of a change there is for retailers' margins."

Sam Goody is greedy too...

[SeanC]

Ohhhhh... They've cut their profit margin from like 1000% to 700%. Ohhhhh!!! I'm impressed... Sigh.

Sean