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slight
long pig

Registered: Feb 2001
Location: Baba Kueria
Posts: 3174
Napster Wins

Universal Music Group plans to sharply lower the consumer cost for compact discs, in an effort to bring customers back into retail stores and boost music sales...

story

yay

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Old Post 09-04-2003 04:58 AM
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Dingle
Gay for Mugtoe

Registered: Jul 2000
Location:
Posts: 12746

i wouldnt call $12.98 cheap for a cd when the alternative is free.

until they get prices around $5-8 nobody will care. if they did get prices down there, i bet they'd actually make more money. millions of people wont glance at a music store because we know better than to blow 15.98 on a fricken cd. if it were $5 for a cd, i may stop and browse.

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Old Post 09-04-2003 05:01 AM
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Dingle
Gay for Mugtoe

Registered: Jul 2000
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why is this thread titled 'Napster wins'? what did they win? their intent was never to lower cd prices.

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Old Post 09-04-2003 05:03 AM
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MstrG
The Talamasca

Registered: Jul 2000
Location: Upstate NY
Posts: 10440

top for vegas

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Old Post 09-04-2003 05:28 PM
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Vegas
15 = micropenis

Registered: Feb 2001
Location: Boston
Posts: 9382
Napster does not win... WE ALL WIN

http://story.news.yahoo.com/news?tm...ersalmusic_dc_4

Universal Music to Cut CD Prices to Under $13
Wed Sep 3, 6:51 PM ET


By Derek Caney

NEW YORK (Reuters) - Universal Music Group, the world's largest record company, on Wednesday said it will cut list prices on compact discs by as much as 30 percent in an effort to boost sales that have been stymied by free online music-sharing services such as Kazaa.

Starting in October, Universal, the home to such artists as Mary J. Blige (news), U2 and Elton John (news), will trim its prices on most of its CDs to $12.98 from its current $16.98-$18.98 range of prices.

"Our research shows that the sweet spot is to sell our records below $12.98,' said Universal Music president Zach Horowitz. "We're confident that when we implement this we will get a dramatic and sustained increase."

Historically, large retailers have sold new CDs at considerably less than the so-called "manufacturer suggested retail price."

"We expect this will invigorate the music market in North America," said Doug Morris, the label's chief executive. "This will allow retailers (to sell) for $10 or less if they so choose."

The price cut comes as the company has endured the enormous popularity of free music sharing services, which the labels blame for music piracy.

Universal, which is owned by Vivendi Universal, sees the price cuts as part of a larger strategy to discourage people from downloading music from the free services.

The record industry has already begun suing individual users of these services for copyright infringement. The labels have also begun offering their music to online music services that charge for each song downloaded, one of the most popular of which is Apple Computer Inc.'s iTunes.

"As people will begin to migrate from illegitimate services, they're going to be exploring a host of options -- some online and some through retail," Horowitz said. "We felt that the most important thing we can do to encourage people to go back into stores is to reduce our prices dramatically."

Wholesale prices for CDs would decline to $9.09 from $12.02. For a handful of bigger name artists, wholesale prices would be $10.10 for a short period of time.

Universal also said it would stop "cooperative" advertising, in which the label subsidized advertising by retailers in local markets and instead advertise directly to consumers. It will also withdraw other discounts to retailers.

"(Our buyers) haven't had a chance to talk with Universal at this point to get details on how it might affect the business," said a spokesman from Circuit City Stores Inc. . A spokeswoman from Best Buy Co. Inc. declined to comment.

Amazon.com Inc., Tower Records and Trans World Entertainment Corp. did not immediately return phone calls requesting comment.

The other major labels -- AOL Time Warner Inc.'s Warner Music, Bertelsmann AG (news - web sites)'s BMG, EMI Group Plc (news - web sites) and Sony Music Group -- declined to comment.

Some music executives questioned how much impact the price cuts will have.

"This doesn't have as much impact as it looks," one record executive said. "The labels were offering some discount programs to the retailers that would now end. So it's not entirely clear how much of a change there is for retailers' margins."

Another executive noted that larger retailers like Wal-Mart Stores Inc, Best Buy and Circuit City already sell CDs at around $13 anyway to get people into the stores to buy bigger ticket items.

"It remains to be seen what this means for the specialized retailer of CDs," he said.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------


$12.02 WHOLESALE??? Holy shit, you people charge waaaaaaay too much when selling CDs to stores. No wonder sales have gone the way of the goose come winter, any idiot who took a basic economics course would be able to tell you why sales decreased. The industry is foolish in thinking mp3s have dimished sales: how about the fact that your prices are still sky high when all other industries have worked to lower prices.

Hypocritical baboons, if you ask me.

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Your whole "I dress like an office drone and act respectable and then sit on forum where we discuss urethra fucking and public torture" bit still creeps me out. I bet it would creep out your co-workers even more.

-m

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Old Post 09-04-2003 05:29 PM
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Pinecrika
Muffer's He-beast

Registered: Jul 2001
Location: Aotearoa
Posts: 19810

I agree with Dingle. At $5 a CD, I could blow that without starving. $15 is a case and a half of beer. I know I'll enjoy a case and a half, but I might not enjoy the CD.

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Old Post 09-04-2003 06:44 PM
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Cruise Director
nobody special

Registered: Jan 2001
Location: Zion
Posts: 5016

The advertising co-op is what stuck out to me in that article. Large companies that distribute the weekly circulars rely heavily on those dollars from manufacturers for advertising costs.

Should be interesting to see what happens to the glossy ads in the paper for CD's.

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Old Post 09-04-2003 07:07 PM
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squee
the amen break

Registered: Jul 2001
Location: Norfolk, VA
Posts: 4879

Well, Cruise, 9 times out of 10 if someone is featured in a glossy ad they're not worth listening to

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Old Post 09-04-2003 07:28 PM
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Vegas
15 = micropenis

Registered: Feb 2001
Location: Boston
Posts: 9382

quote:
Originally posted by Pinecrika
I agree with Dingle. At $5 a CD, I could blow that without starving. $15 is a case and a half of beer. I know I'll enjoy a case and a half, but I might not enjoy the CD.


What the hell is $10 a case, Natty Ice? Genny?

__________________
Your whole "I dress like an office drone and act respectable and then sit on forum where we discuss urethra fucking and public torture" bit still creeps me out. I bet it would creep out your co-workers even more.

-m

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Old Post 09-05-2003 03:26 AM
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Pinecrika
Muffer's He-beast

Registered: Jul 2001
Location: Aotearoa
Posts: 19810

Milwaulkee's best. The best damn beer ever.

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Old Post 09-05-2003 02:37 PM
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Vegas
15 = micropenis

Registered: Feb 2001
Location: Boston
Posts: 9382

quote:
Originally posted by Pinecrika
Milwaulkee's best. The best damn beer ever.


I thought you said "beer." Beast is not beer. Beast is... something else entirely. Not in a good way, either.

You frighten me. Moreso than some of the others here.

__________________
Your whole "I dress like an office drone and act respectable and then sit on forum where we discuss urethra fucking and public torture" bit still creeps me out. I bet it would creep out your co-workers even more.

-m

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Old Post 09-05-2003 02:59 PM
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Pinecrika
Muffer's He-beast

Registered: Jul 2001
Location: Aotearoa
Posts: 19810

quote:
Originally posted by Vegas


You frighten me. Moreso than some of the others here.



I'm really quite harmless.

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Old Post 09-05-2003 05:02 PM
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