Universal To Lower CD Prices by 30 Percent

As CD sales have dropped 15 percent in the past two years, recording companies have become more shrill in their contention that piracy is hurting their business. On the other hand, maybe CD prices are just too high. So Universal – one of the Big Five – is dropping its album prices. Come October, the company will lower the “suggested” price in the US for most CDs to $13 – down from $17-19.