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Newsflash: Universal Music to lower CD prices all-round

Universal Music is embarking on an ambitious but expectant programme called ‘Velocity’ to lower prices of all CDs to between USD$6-$10. This new policy was to help offset the unstoppable and incremental loss of revenue from falling CD sales.

The programme is said to begin in the second quarter of 2010, and will continue to year-end.

“We think it will really bring new life into the physical format,” says Jim Urie, the Distribution CEO of Universal Music Group.

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21/03/2010 Posted by | Music News | , , , , , | 3 Comments

Geoff Taylor quote

geofftaylorbpi

 

 

“We’ve seen an astonishing transformation of the UK singles market during the last six years, with digital downloads rapidly overtaking sales of CD singles and cassettes.”

Geoff Taylor
Chief Executive of the British Phonographic Industry (BPI)

29/10/2009 Posted by | Music Quotes | , , , , , , , | Leave a comment