Tilted Forum Project Discussion Community  

Go Back   Tilted Forum Project Discussion Community > Chatter > General Discussion


 
 
LinkBack Thread Tools
Old 09-04-2003, 05:32 AM   #1 (permalink)
Insane
 
Location: Austin, Texas .. Y'all
CD Prices to drop up to $6

Article can be found here: http://www.usatoday.com/money/media/...cdprices_x.htm

NEW YORK — In a move that could lower music CD prices across the board, Universal Music Group (UMG), the world's largest music company, will cut the suggested retail price for its top-line CDs to $12.98 from the current $16.98 to $18.98, effective Sept. 29.
The cut by the company, which has contracts with artists such as Eminem, 50 Cent, Mary J. Blige and Shania Twain, is an effort to revive sales, which have dropped 30% industrywide over the past three years. U.S. sales in 2002 dropped 8% to $12.6 billion, according to the Recording Industry Association of America (RIAA).

"We expect this will invigorate the music market in North America," said Doug Morris, UMG chairman and CEO. "This will allow retailers (to sell) for $10 or less if they so choose."

The wholesale price on most CDs will drop to $9.09 from $12.02, with some top artists, such as Eminem, at $10.10. UMG expects retailers, who set final prices, to start selling CDs for about $12 on Oct. 1 and hopes they will go as low as $10.

"We've tracked this carefully. There's no question: The consumer responds when we get to that sweet spot of $11 to $12 per CD," says Jim Urie, president of Universal Music & Video Distribution. Executives at the other four major music companies — Warner, EMI, BMG and Sony — declined to comment.

In addition to the price cuts, UMG will replace ad subsidies for retailers with more ads for its own products to lure music fans back into stores. The company also is cutting the suggested retail for cassettes to $8.98.

The price cuts are also the music industry's latest attempt to slow illegal file sharing by consumers. The RIAA has served more than 1,300 subpoenas to identify traders and expects to file lawsuits as early as this week. Record companies are losing $700 million a year to piracy, says Josh Bernoff, media and entertainment analyst at Forrester Research.

Forrester released a study Tuesday predicting an even bigger drop in CD sales as Internet music file-sharing keeps gaining ground on the flagging CD, CNN.com said.

"It's disgraceful that people are losing their jobs and stores are closing," Morris says. "As the leader in the industry, we feel we should pave the way with a plan that, if it's successful, will become permanent."

It remains to be seen whether the cuts will be enough to persuade young consumers to buy CDs. Discounters such as Wal-Mart already discount CDs to about $13.

Michael Goodman, an analyst with Yankee Group, warned that if retailers refuse to pass on their full savings to consumers, "They could exacerbate a bad situation."

And Bernoff warns that lowering prices will not solve the long-term problem of file sharing: "This price reduction may stem the tide of losses in the short term. But in the long run, the only solution is to provide music online for people who want music online. That's the future, not CDs."

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

Excellent. It's about time....
tj2001cobra is offline  
Old 09-04-2003, 05:35 AM   #2 (permalink)
Transfer Agent
 
troit's Avatar
 
Location: NYC
Works for me.... although I rarely buy a CD anymore. Its just too easy to d/l new music.
__________________
I've yet to dephile myself...
troit is offline  
Old 09-04-2003, 05:44 AM   #3 (permalink)
Loser
 
If CDs cost that little, Jinya and I would be at Best Buy daily. We always browse the cheapy rack when we're there, and that would bring most CDs from that company into cheapy range.

GO OUT AND BUY CDs from UMG to prove that this policy works.
Thraeryn is offline  
Old 09-04-2003, 06:10 AM   #4 (permalink)
Army of Me
 
Ganguro's Avatar
 
The plan sounds good, if this price drop applied to import CD's as well i'd have a box full of new CD's by Xmas.. Yes troit it is easy to download new music, but you do realize.. it's stealing right? It's just as easy to go to a store and listen at a listening station to a new cd first, then buy it... or even go to amazon or someplace online and listen to song samples then purchase it. File sharing is popular because it appeals to people's nature to get something for nothing with minimal effort. Still doesnt mean it's ok to take something for free, just because you can.
Ganguro is offline  
Old 09-04-2003, 06:33 AM   #5 (permalink)
shit faced cockmaster
 
legolas's Avatar
 
Location: CT
I'm sorry but that still doesn't beat free music.
__________________
"To alcohol! The cause of, and solution to, all of life's problems."
legolas is offline  
Old 09-04-2003, 06:34 AM   #6 (permalink)
Boy am I horny today
 
absorbentishe's Avatar
 
Location: T O L E D O, Toledo!!
Truthfully, if they dropped the price even more, they would sell a whole lot more. If and when they do, I'll definately be buying more disks.
absorbentishe is offline  
Old 09-04-2003, 07:05 AM   #7 (permalink)
Tilted Cat Head
 
Cynthetiq's Avatar
 
Administrator
Location: Manhattan, NY
hmmph... when the movie costs US$19.99 and the soundtrack costs almost the same and there's no picture... people figure something is up.

bah.... i still have to see my money from the CD class action suit
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
Cynthetiq is offline  
Old 09-04-2003, 07:16 AM   #8 (permalink)
Psycho
 
Blistex's Avatar
 
Location: Tiger I Turret
When are they gonna realize that people are too lazy to drive to best buy or Wall Mart, and that they want to have new music now! In their homes.

RIAA had their chance to jump on the MP3 bandwagon a long time ago.

If they just had a site that charges people 50 cents a song or something they would be rolling in cash. They could have embraced Napster and Kazaa but instead they decided to fight them which was a huge mistake.

Now they think that sueing people is the way to do it.
Blistex is offline  
Old 09-04-2003, 07:35 AM   #9 (permalink)
Talk nerdy to me
 
God of Thunder's Avatar
 
Location: Flint, MI
The music industry: The public will probably buy more CDs if we lower the price.

The buying public: DUHHHHHHHHH!!! Ya think?!?!?!?
__________________
I reject your reality, and substitute my own

-- Adam Savage
God of Thunder is offline  
Old 09-04-2003, 08:02 AM   #10 (permalink)
MSD
The sky calls to us ...
 
MSD's Avatar
 
Super Moderator
Location: CT
Now if they would just give a fair amount to the artists who make the music, I'd be satisfied. I hope that they don't take much out of the miniscule amount that they give artists for each CD sale.

This is a great step in the right direction. I'll start buying CD's again.
MSD is offline  
Old 09-04-2003, 08:12 AM   #11 (permalink)
Addict
 
rmarshall's Avatar
 
Location: Kingston,Ontario
My CD player in my car only plays CDs. I have converted all my music to MP3s for the boat and the house, but the original CDs end up in the car.

So, I still buy CDs. I like the way they come complete and in sequence and the little album covers show up in the media player after they are converted to MP3s.

Cheap CDs are good.
rmarshall is offline  
Old 09-04-2003, 08:17 AM   #12 (permalink)
Psycho
 
Location: cali
hell, if they were cheap. i would buy them too. the silver stamped cd's are way better than burnt ones, tho i would still burn a copy for the car, leaving the original at home.
__________________
no man or woman is worth your tears - and the one who is, won't make you cry

question authority, don't ask why, just do it!
slant eyes is offline  
Old 09-04-2003, 08:20 AM   #13 (permalink)
Banned
 
Location: ville
that makes me happy
baaa is offline  
Old 09-04-2003, 08:54 AM   #14 (permalink)
a2k
Crazy
 
Location: Seattle
Still not cheap enough. They've got to drop below the $10 mark to have a psychological affect.
a2k is offline  
Old 09-04-2003, 08:56 AM   #15 (permalink)
Fucking Hostile
 
tinfoil's Avatar
 
Location: Springford, ON, Canada
I am pleased. I only hope they are not cutting into the already ridiculously low royalties paid out to the artist.
__________________
Get off your fuckin cross. We need the fuckin space to nail the next fool martyr.
tinfoil is offline  
Old 09-04-2003, 08:58 AM   #16 (permalink)
Modern Man
 
Location: West Michigan
Good! Its about time. I still purchase CD's and always will. But I don't like being punished with their prices.
__________________
Lord, have mercy on my wicked soul
I wouldn't mistreat you baby, for my weight in gold.
-Son House, Death Letter Blues
Conclamo Ludus is offline  
Old 09-04-2003, 10:31 AM   #17 (permalink)
Psycho
 
Location: South of the border
They should have done this a long time ago...

Still think it could be cheaper though....
__________________
"The weak are food for the strong, so die and let me feast!" - Makoto Shishio (RK)
Memalvada is offline  
Old 09-04-2003, 10:48 AM   #18 (permalink)
Insane
 
Location: Vancouver Island BC
Ummm.... blank discs are still way cheaper
__________________
Book 'em Danno
glasscutter43 is offline  
Old 09-04-2003, 10:49 AM   #19 (permalink)
Robot Lovin'
 
battlemouth's Avatar
 
Location: Boston
personally i would rather own the cd than download, the only reason i dont is because of price so with this new policy maybe i can start purchasing cds yet again. oh boy!!
__________________
like a bullet through a flock of doves
battlemouth is offline  
Old 09-04-2003, 10:50 AM   #20 (permalink)
Here
 
World's King's Avatar
 
Location: Denver City Denver
Well, that's gonna kill the downloading buisness.
__________________
heavy is the head that wears the crown
World's King is offline  
Old 09-04-2003, 02:01 PM   #21 (permalink)
Junkie
 
Location: Right here
Where are the $6 CDs--I feel cheated?
__________________
"The theory of a free press is that truth will emerge from free discussion, not that it will be presented perfectly and instantly in any one account." -- Walter Lippmann

"You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists." -- Abbie Hoffman
smooth is offline  
Old 09-04-2003, 02:01 PM   #22 (permalink)
Insane
 
Location: Toronto
yeah, i would buy more CDs if they were cheaper, obviously.

Thanks for the article.

I read the post on how many songs some people have downloaded......WOW!
dannoxxxx is offline  
Old 09-04-2003, 02:55 PM   #23 (permalink)
Ssssssssss
 
Kaos's Avatar
 
Location: Ontario
So is this going to affect the cost of CD's in Canada? Lowest price I've seen in years is maybe 15.99-16.99 for the new releases.

If the CD isn't a new release or the band doesn't have widespread popularity, I can expect the cost of the CD to be anywhere from 19.99 up to 27.99!!!
Kaos is offline  
Old 09-04-2003, 03:33 PM   #24 (permalink)
Who knows what evil lurks in the hearts of men?
 
Speed_Gibson's Avatar
 
Location: right here of course
Quote:
Originally posted by legolas
I'm sorry but that still doesn't beat free music.
I must disagree - some people that are anal-retentitive about audio quality tend to avoid the MP3 codec for the lossy formats (yes, that includes me) and prefer files encoded in Ogg-Vorbis -q5/6 or Musepack on the standard or insane setting.

I personally only use lossless codecs - normally Flac now, but still have many GBs of ape files - to encode music that will be archived here. And I always prefer having a clean copy of the master material rather than a frequently shitty encoding job done in a low bitrate (anything below 192 bitrate in my book, or damn near any CBR MP3 file) or done through an atrocity like Xing software.
Speed_Gibson is offline  
Old 09-05-2003, 06:53 AM   #25 (permalink)
Fucking Hostile
 
tinfoil's Avatar
 
Location: Springford, ON, Canada
An update for my fellow Canucks:

Quote:
Randy Lennox, CEO of UMC, says that the consumer has spoken and Univeral Music Canada has listened. '(The music) has been fairly high-priced and therefore, they have been feeling fairly guilt-free about procuring music for free.'

The cuts are in line with Universal Music in the US. Roughly 30% will be cut from the MSRP, with top-line CDs being $14.98 and $9.99 for new artists.

UMC also plans to launch an online service in Canada. Individual tracks will be $0.99 and complete discs $9.99. No word as to system requirements or DRM protection.
__________________
Get off your fuckin cross. We need the fuckin space to nail the next fool martyr.
tinfoil is offline  
Old 09-05-2003, 07:12 AM   #26 (permalink)
Upright
 
I dont know about other areas of the country but here in Wisconsin, behind the Cheddar Curtain I can buy just about any CD I want for under $14 with alot of the new realeases being available under$11 for the first week of release. i hope this price drop will get my everyday prices under $10,
bigjule is offline  
Old 09-05-2003, 07:15 AM   #27 (permalink)
Psycho
 
I hope they just don't reduce the number of songs on the CDs now.
Psivage is offline  
Old 09-05-2003, 07:43 AM   #28 (permalink)
Crazy
 
Location: Houston, Texas
Why doesn't the record association sell cds in MP3 format? I mean now days most people have some form of MP3 player. Hell most DVD players will play MP3's. Plus your PC will always play MP3's. By selling discs with MP3's they could give the consumer more songs with each disc, maybe even combining similar artists on one disc. I don't think people would be so hesitant to drop $15 or $20 on a CD if it had 25-30 songs instead of 10-15.
Mikado is offline  
Old 09-05-2003, 07:51 AM   #29 (permalink)
Fucking Hostile
 
tinfoil's Avatar
 
Location: Springford, ON, Canada
Because MP3 quality is a step backwards.
__________________
Get off your fuckin cross. We need the fuckin space to nail the next fool martyr.
tinfoil is offline  
Old 09-05-2003, 08:00 AM   #30 (permalink)
EVIL!
 
Location: Southwest of nowhere
Me, i wait til they are in the bargain bin.
__________________
When all else fails, QUIT.
santafe5000 is offline  
Old 09-05-2003, 08:31 AM   #31 (permalink)
Psycho
 
Location: Riverside, CA
Quote:
Originally posted by Psivage
I hope they just don't reduce the number of songs on the CDs now.
I could see this happening.
__________________
I hope life isn't a big joke, because I don't get it. - Jack Handy

Lestat is offline  
Old 09-05-2003, 10:17 AM   #32 (permalink)
don't ignore this-->
 
bermuDa's Avatar
 
Location: CA
that's awesome!!!!!





but i'm still not buying shit from the RIAA
__________________
I am the very model of a moderator gentleman.
bermuDa is offline  
Old 09-05-2003, 10:28 AM   #33 (permalink)
Fledgling Dead Head
 
krwlz's Avatar
 
Location: Clarkson U.
I like to have albums. An album tends to be a "statement" or "era" of a band. Its nice to hear a certin sound all the way through the cd. Plus, I like having the jackets. In the end, I never download for those reasons, aswell as the fact that p2p networks give hackers a wicked easy backdoor into your computer. I cant tell you how many people I kno who have had their computer fucked up by a virus on Kazzaa
krwlz is offline  
Old 09-05-2003, 12:33 PM   #34 (permalink)
Know Where!
 
MacGnG's Avatar
 
wonder y it took so long?! doesnt matter music cds should be 5$ and cd roms and other video games should be 15$.
MacGnG is offline  
Old 09-05-2003, 12:47 PM   #35 (permalink)
BFG Builder
 
Location: University of Maryland
I enjoy having the albums as well. $10 is still a bit much, but far better than what they were charging previously. I'll have to see what artists this company produces, and decide if any of them are worth buying.
__________________
If ignorance is bliss, you must be having an orgasm.
DelayedReaction is offline  
Old 09-05-2003, 03:08 PM   #36 (permalink)
Psycho
 
Location: Somewhere between the Havens and the Earth
sweet, in my opinion more people wouldnt mind buying cds if they werent so damn expensive. i know i would cuz it would save me time but then again you couldnt make mixed tapes either so i guess it might work and it might not but its worth a shot and getting 6 or 12 bucks is alot better than not gettin the 18 or 20 . at least they makin some money
__________________
from the Havens I have fallen. . . to the earth as a mangled form. . . writhing in pain, my wings torn and bloodied. . . I have one purpose, only one goal. . . to find you and love you, for I am your. . . fallen angel
fallen_angel is offline  
Old 09-05-2003, 03:48 PM   #37 (permalink)
Crazy
 
Location: Louisiana
Still not cheap enough for me!!! Free is cheap enough for me!!!
mydragonfido is offline  
Old 09-05-2003, 07:19 PM   #38 (permalink)
Tired
 
Esoteric's Avatar
 
Location: Florida
I'll definately buy now, $17+ for a CD that has about 4 good songs is just stupid in my opinion. $6 isn't that much of a setback. :P
__________________
From a head full of pressure rests the senses that I clutch
Made a date with Divinity, but she wouldn't let me fuck
I got touched by a hazy shaded, God help me change
Caught a rush on the floor from the life in my veins
Esoteric is offline  
Old 09-05-2003, 07:39 PM   #39 (permalink)
lost and found
 
Johnny Rotten's Avatar
 
Location: Berkeley
I have to laugh. They're cutting the MSRP, so the retailer takes the hit while the label goes on like usual.

And at the same time, Morris is concerned about retail employees getting fired and stores closing. How the heck will this help? They'll get more sales--but make the same amount of money.

Guess who benefits, besides the consumer.

This boosts label profits without any additional work and doesn't do anything about the declining retail music industry. Brilliantly misrepresented by the label.
__________________
"The idea that money doesn't buy you happiness is a lie put about by the rich, to stop the poor from killing them." -- Michael Caine
Johnny Rotten is offline  
Old 09-06-2003, 07:50 AM   #40 (permalink)
Upright
 
thats STILL too expensive for me. Whats the point in buying CS's when you got things like Kazaa and a burner? What a shitty little cover? FUCK ThAT!

I think I'll stick to my ways.
__________________
I can resist everything except temptation
jeenyus_one is offline  
 

Tags
drop, prices


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 12:55 AM.

Tilted Forum Project

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2
© 2002-2012 Tilted Forum Project

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76