Universal Music Slashing CD Prices in Hopes of Reviving Sales
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“The world’s largest recording company said Wednesday it would slash wholesale CD prices in hopes of reviving music sales, which have dropped 31 percent industrywide in the last three years.
The suggested sale price on a majority of its CDs will be cut by $6 to $12.98, Universal Music Group representatives said. Retailers have the final say on pricing, however.”
