UMG to Cut Prices on New CDs to Less Than $1

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Submission + - UMG to Cut Prices on New CDs to Less Than $1 (billboard.biz)

Submitted by marmoset on Thursday March 18, 2010 @07:38PM

marmoset writes: Perhaps a decade late, Universal Music Group has decided to switch to sub-$10 CD pricing in the USA.

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.

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