Arny Krueger
September 7th 03, 11:59 AM
CD prices coming down?
http://news.yahoo.com/news?tmpl=story2&cid=769&u=/nm/20030903/music_nm/media
_universalmusic_dc_4&printer=1
NEW YORK (Reuters) - Universal Music Group, the world's largest record
company, on Wednesday said it will cut list prices on compact discs by as
much as 30 percent in an effort to boost sales that have been stymied by
free online music-sharing services such as Kazaa.
Starting in October, Universal, the home to such artists as Mary J. Blige
(news), U2 and Elton John (news), will trim its prices on most of its CDs to
$12.98 from its current $16.98-$18.98 range of prices.
"Our research shows that the sweet spot is to sell our records below
$12.98,' said Universal Music president Zach Horowitz. "We're confident that
when we implement this we will get a dramatic and sustained increase."
http://news.yahoo.com/news?tmpl=story2&cid=769&u=/nm/20030903/music_nm/media
_universalmusic_dc_4&printer=1
NEW YORK (Reuters) - Universal Music Group, the world's largest record
company, on Wednesday said it will cut list prices on compact discs by as
much as 30 percent in an effort to boost sales that have been stymied by
free online music-sharing services such as Kazaa.
Starting in October, Universal, the home to such artists as Mary J. Blige
(news), U2 and Elton John (news), will trim its prices on most of its CDs to
$12.98 from its current $16.98-$18.98 range of prices.
"Our research shows that the sweet spot is to sell our records below
$12.98,' said Universal Music president Zach Horowitz. "We're confident that
when we implement this we will get a dramatic and sustained increase."