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September 24, 2003
Universal Adjusting Terms of Price Drop The Washington Post reports that pressure from big retailers such as Best Buy has resulted in Universal changing its price drop policy to one where the company won't directly print the new price on the CD. What's really interesting is the wholesale price of a CD: "Shortly after the Sept. 3 announcement, Universal Music sent a letter to its retailers, saying it would place the $12.98 sticker on most of its new CDs beginning around Oct. 1. In addition, the world's largest music company, which accounts for about 30 percent of all music sales, would lower its wholesale price to $9.09 per CD, from $12.02.
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