Barry Ritholtz has combed Rolling Stone to tell us that WM wants $10 CDs:
Does a CD have to cost $15.99? That's the question mass retailers like Wal-Mart and Best Buy have been asking for some time now. The Major labels have come to realize that when Wal-mart asks a question, well, it not a request. The nation's largest retailer is also the country's biggest record seller, and if it cannot lower its prices -- they are threatening to take their ball and go home. Wal-Mart has quietly implied it will back out of the music retialing business.This is a must-read post.
Posted by Kevin on October, 25 2004 at 12:05 PM
