HMV Canada Cuts Music CD Prices

umStefa notes a CBC story reporting that the largest music retailer in Canada, HMV, has slashed prices on CDs and is attributing the move to demand by customers for lower prices. The back catalog of popular artists will see price cuts of up to 33%; the cuts average 20% across the board. The Canadian version of the RIAA is spinning the news as being a direct result of music piracy.

Comments

More Insightful Article on Why HMV's Doing This

[theshowmecanuck]

This article from the Globe and Mail provides some more interesting insight into why they are doing this.

However it raises more questions. Like if younger people are buying more old Pink Floyd albums (errr... CDs), why is HMV charging $10 dollars more than newer CDs? After 30 years on the market you would think that 'Dark Side of the Moon' or the 'Led Zepplin' CDs had made their money and maybe could be reduced to the price of say, a CD produced in 2007?

And for those who don't know, HMV is the Canadian equivalent of, for example, the chain of Virgin record stores. In fact, HMV recently took over the Virgin location on the corner of Burrard and Robson in downtown Vancouver.