Friday, March 19, 2010

should have done this years ago

Universal Announces Plan to Lower CD Prices to $10 or Less

That's great. Trouble is, who do you have to sell them wholesale to?

I was just thinking the other day about how many record stores there used to be in this town about ten years ago. Now, there's only one plus the big box stores like Target, Wal-Mart, and Best Buy. Plus, this store seems to be phasing music out in favor of DVDs and video games. :(

But it's great to see at least one label finally understand a cardinal lesson from Economics 101- when demand goes down, so does price.

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