Universal Music Group on Thursday said it would cut the prices on most CDs to $10 or less. Known as the Velocity program, it would see album prices range between $6 and $10. The label would count on sales volume, as well as costlier deluxe versions, to make up for the lower 25 percent profit margin.
The irony is that CDs should have cost between $6-$10 dollars twenty years ago.
We were squeezed for years by the record labels with their enormous profit margins.
Now they can get the squeeze.