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Wal-Mart Demands CD Price Cut

March 27th, 2008 by Richie

wal-mart-image.jpg

From Rolling Stone click here for story. Looks like Wally World wants the record lables to cut down on thier prices or otherwise they will stop selling cds. At the moment they (Wal-Mart) are the nations number one music retailer while Itunes is holding the number two spot. In 2007 music sales went down 15%  and so far this year another 12% decrease. It may not look like a lot to you, but in the biz it’s millions of dollars gone. If the lables decide to cut thier prices and trust me they will, that means another 1,000 jobs will be lost.

Sad to say, but I really do miss the good old days of just going into a music store, getting want you want, paying for it, listening to what you bought and call it day. *sigh*

 

Posted in Music |

2 Responses

  1. Jason Says:
    April 1st, 2008 at 9:43 am

    Well, we still have CD Source on lower greenvile bro..

  2. Richie Says:
    April 9th, 2008 at 9:24 am

    even indy cd stores are stuggling sir.

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