Universal slashes CD prices
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In a move that may be as much of a response to music piracy as to legitimate music download services, Universal Music will be slashing the suggested retail price of its CDs and cassettes. The suggested retail price of most of Universal’s top-line CDs will fall to just under $13, and wholesale prices will also be reduced. Previously, the suggested retail price of some of Universal’s CDs was as high as $19, so the price cuts are potentially quite dramatic.
