Pat gets a musical no-prize for bringing us news that at least one record company has "discovered" record prices are too high, and is doing something about it (NYTimes, free reg, blah blah). I love this:
The deep price cut — the only one to apply to new CD's since the format was introduced in the early 1980's — represents a gamble by Universal that more consumers will buy more CD's once the price dips below $13. [emphasis added]
The only real problem I have with this is it doesn't mention if this will affect new releases only or their entire catalog. I don't much go for the new stuff, I like old stuff and classical. If those still stay above $18, I'm still staying away. I'd also be more likely to buy two sub-$10 CDs than one $18 disc.
I have a gorilla hi-fi system at home. It'd be nice to play something other than video games and TV through it.
according to the article linked on blogcritics:
all UMG albums, which ranged from $16.98 to $18.98, will carry the new list price, which means retailers can sell the albums for below $10. Wholesale prices will now drop 25%, from $12.02 to $9.09, except for a handful of superstar artists, two examples given were Shania Twain and Eminem, which will carry a $10.10 price-tag.
Posted by: Jim S on September 4, 2003 11:12 AM