Monday, August 27, 2007

HMV slashing prices


Marketnews - Gadget Talk: HMV Drops CD Prices by as Much as 33%

Is the traditional music CD in that much trouble? As of
today, HMV says it will sell the majority of its music CDs at a 20% lower price
point. In some cases, we’ll see up to a 33% price cut. Is this a strategic move
on HMV’s part to become the leader in the music CD arena; or a necessary step to
keep that part of the business alive?


Given the growth of online downloading, I would have to say that the days of the CD is definetely numbered. While HMV and other hardcopy content sellers do well with DVD (for now!) and games, there's no disguising the declining figures for CD sales.

On a related note, Naxos' publicist Mark Berry did some comparison shopping between online download sites versus the msrp on various titles. You can read his conclusions here.

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