This entry was published at least two years ago (originally posted on September 4, 2003). Since that time the information may have become outdated or my beliefs may have changed (in general, assume a more open and liberal current viewpoint). A fuller disclaimer is available.
Battered by online piracy, the Universal Music Group, the world’s largest record company, said yesterday that it would cut prices on compact discs by as much as 30 percent in an aggressive attempt to lure consumers back into record stores.
Under the new pricing scheme, Universal would lower its wholesale price on a CD to \$9.09 from \$12.02. The company said it expected retail stores to lower CD prices to \$12.98, from the \$16.98 to \$18.98 they now charge, and perhaps to as low as \$10. When CD’s first arrived on the market they cost \$15.98, and have climbed from there.
This has been far too long in coming — but at least it’s finally starting.
Hells yeah! I’m tired of paying $18 for a CD! $13-14 is much more reasonable. :)