The US music industry is waiting to see how the other majors will react to Universal's announcement they are slashing CD prices there by up to 30%. With figures suggesting Universal need less than a 20% increase in sales to win financial kick backs from the price slash, others may well follow. Following those decisions most closely will be the US's smaller music retailers - who some reckon could suffer bigtime as a result of the price cuts.
Sep 5, 2003
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1 min read
Retailers await majors' reaction to Universal price slash
The US music industry awaits other majors' reactions to Universal slashing CD prices by up to 30 per cent, which could hit smaller retailers hard.