UMG To Price New CDs Under $10

marmoset writes "Perhaps a decade late, Universal Music Group has decided to try out sub-$10 CD pricing in the US. 'Beginning in the second quarter and continuing through most of the year, the company's Velocity program will test lower CD prices. Single CDs will have the suggested list prices of $10, $9, $8, $7 and $6.'" CD retailers are not convinced the price cuts will work out. For one thing it depends on whether other major labels follow suit, but the article notes that "executives at the other majors were nervous about the UMG move" and "privately, some appeared annoyed."

Comments

Shocking

[kseise]

You mean it doesn't cost $20.00 to make a CD? Really?

Re:Shocking

[Aphoxema]

It actually costs 40 dollars but the labels are so generous they were paying 50% of the cost out of pocket. Their hearts grew even bigger thanks to everyone being so happy with them, so they decided to pay 75%. Soon they'll just start handing them out for free!

I love our music industry, they're so nice to us little, unimportant people!

CDs! How *quaint*

[gestalt_n_pepper]

I remember CDs. They made such pretty coffee coasters after I burned all their music to my MP3 player.

Re:CDs! How *quaint*

[Pojut]

Especially the AOL ones...they seemed to soak up more liquid than any of the others.

Remember: if it ain't an AOL disc, it ain't worth jack!

Re:CDs! How *quaint*

[WrongSizeGlass]

Especially the AOL ones...they seemed to soak up more liquid than any of the others.

That's because they were specifically designed to withstand the tears of users installing AOL.

Re:CDs! How *quaint*

[Duradin]

Mythbusters proved that polishing a turd can be rather effective.

Re:CDs! How *quaint*

[vertinox]

Vinyl sales are rising because people are fools.

I recently went into a local indie record store a few months ago and saw a stack of new cassette tapes for sale at the register.

And I was like: "Hah! Did someone find these in an old factory somewhere unopened?"
Indie store guy: "No, these are brand new from a local artist."
Me: "Ummm... Why?"
Indie store guy: "Yeah its a new hot trend for local bands to make cassette tapes now instead of releasing them on CD or Vinyl"
Me: "Ok... But can you even buy cassette players anymore?"
Indie store guy: "Nope. But they still sell for some reason amoung the hipsters."

Re:Just like cassettes

[Pojut]

CDs aren't portable. And take-up a lot of space.

My binder with 300+ death metal CDs and the jewel case inserts in it from high school would agree with you -_-;;

Re:It only took a decade or so...

[Anonymous Coward]

Of course, it's also possible that the music quality will just decline to compensate for the drop in price.

No, no that's not possible.

Re:What's the first thing you would do with a CD?

[quantumplacet]

I dont know, most cd's that come out these days I'd rather burn than rip...

Re:Just like cassettes

[whisper_jeff]

Did you seriously just write "CDs aren't portable"? Really? I know nerds have the stigma of being out of shape, but really?

Huh?

[Fnord666]

What's a CD? Some sort of offline backup of the originally seeded songs?