• Rynok
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  • From: Denver, CO
  • Registered: 2002-Feb-23
  • Posts: 30

Topic: Universal drops CD prices

This isn't exactly game related, but I still think its worth mentioning. The Register has a story about Universal dropping the price of CDs. Check out this quote:

[URLQUOTE=http://www.theregister.co.uk/content/7/32690.html]Universal will lower its prices for a CD to $9.09 from $12.02. This means retailers could sell CDs for as low as $10 instead of the $16-$19 currently charged. That's genius! Forget the raise. Somebody give this reincarnation of John Maynard Keynes a medal.

$10 a CD. That's exactly the price music labels did not want retailers to sell their product at during the 1990's, the FTC found. But, come on, the Berlin Wall has fallen, the Soviet empire has collapsed, we even have robotic pet dogs now. Amazing things can happen in twenty-years.

The music label mob might not be the brightest bunch, but they come around eventually.

So if you are one of those pirates, we mean file-traders and not the music labels here, go on out to the store and make things right. Sure the economy has been obliterated over the past three years, but no group is hurting more than the recording industry. These music executives need help, and now they want to help you. Cash in that unemployment check or dip into the last bits of your severance package. CDs are cheap. They are good value. Now that's funny.[/URLQUOTE]
Universal, like all the other labels, has been blaming their low sales numbers on those evil internet music pirates. After years of price fixing and fingering pointing, they finally seem to understand that economics dictates that when supplies become larger, prices should drop. So CDs sales have been nearly 1 billion a year, but prices haven't dropped since CDs were introduced in the early 80s.... how does that make sense?

At the current prices (roughly $17 per disc) I can buy a new CD player for the cost of 3 new CDs. That's dumb. Too much padding of too few pockets... and with the economy in the toliet now, its nice (well... almost) that at least one label sort of seems to care about its customers... sort of.

I wonder how long it'll take for the other labels to follow suit.

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2 Reply by ZZLOVE

  • ZZLOVE
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Re: Universal drops CD prices

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