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-------------------------------------------------------------- This story was printed from ZDNet Australia. --------------------------------------------------------------
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U.S. CD prices sing the blues June 04, 2004 URL: http://www.zdnet.com.au/news/business/soa/U-S-CD-prices-sing-the-blues/0,139023166,139149589,00.htm
The average retail price of full-length CDs in the United States fell to US$13.29 in the first quarter of 2004--a decline of 4 percent from the same period a year ago, according to a new study. The top 50 CD retailers nationwide sold discs for an average price of US$13.36, a drop of 3.1 percent versus a year ago, said a survey released the NPD Group in the U.S. overnight. Meanwhile, catalogue CDs--comprised of titles that are 18-months-old or more--dropped below the US$13 threshold to US$12.99. NPD President Russ Crupnick attributed the decline in part to a changing market due to the file-sharing boom. In addition, competition for entertainment dollars has become tougher for the recording industry in an environment that saw DVDs and video games growing at double-digit rates, he said. Universal Music Group slashed retail prices of its titles by 5 percent between the first quarter of 2003 and the first quarter of 2004. However, a study by Harvard University researchers who tracked music downloads said file sharing does not affect CD sales. NPD Group earlier had said that digital song and subscription site consumers were buying up to 80 percent more CDs than those who did not subscribe.
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