Thursday, March 18, 2010

Universal Group to Reduce CD Prices!

Maybe the Universal suits read this blog...

From a Rolling Stone article:  "Universal Music Group has revealed a plan to reduce the wholesale cost of their albums in order to decrease the retail price of single-disc albums to $10 or less,"

Many will say that this is too little too late.  I say better late than never.  Good for Universal.  This gives the music business a chance.  The other labels will soon follow Universal's lead. 

Here's the Billboard article that was the first to break the news and the details.  Excerpt:  "Beginning in the second quarter and continuing through most of the year, the company's Velocity program will test lower CD prices. Single CDs will have the suggested list prices of $10, $9, $8, $7 and $6."





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