As some of you know, I work in the music industry so I take a lot of what goes on in the industry seriously (sometimes too seriously :P )
However finally the music industry or shal I say, a "role model" for the industry, is taking action to promote record sales, and actually get people buying cds instead of pirating or buying singles from digital stores.
Universal records (huge record company) wants to revive the psychical formate by decreasing the cost's of albums. The average cd now ranges from 12-15 dollars with the big releases from mainstream artists range from 15-20$. Now they plan to lower the price's by a huge amount with the average being 10. Records have not been that cheap since the early/ mid 90s when the record industry was blooming with sales, now with the digital market thriving, and people pirating, the appreciating of an album has decreases and unfortunately modern times has become a "singles race."
Although Im not crazy over Universal (because they have done very shady work in the past, not as bad as sony or virgin however) I am really glad that someone has finally taken initiative to do something. Record sales are a very big aspect to artists not just with money but value and appreciation and restrictions. I am so thrilled about this news because this seems to be a right step in re-working the current music industry system which as of right now, is dieing horrible in its own greed. Whats your thoughts?
http://new.music.yahoo.com/godsmack/news/universal-betting-on-lower-prices-to-boost-cd-sales--62000139
Log in to comment