Friday September 5, 2003

NIN CD Prices to Drop

Universal Music Group announced today that they will be cutting CD prices in an attempt to boost sluggish CD sales. The New York Times reports:
"Music industry executives say companies like Universal typically offer stores about $1.20 in promotional subsidies for each CD sold to retailers for $12. Now Universal is keeping that $1.20, but lowering the wholesale price to $9 instead of $12."
Universal Music Group owns 30% of the CD Market, including Nothing Records. Therefore, you can expect the prices of all Nothing releases, along with any Universal Music Group release, to drop by a few dollars in near (or far) future.