Year-End 2008 CD Sales Will Be Worst Ever
According to recent sales figures, it appears that the fourth quarter of 2008 will be the worst ever in terms of CD sales. Due to the consistent migration to digital formats, lackluster new music and the continued devaluation of the format, CD sales are already down 27% to date. Wal-Mart, who released chain-exclusive albums by AC/DC and The Eagles, has been reducing shelf-space and cutting CD prices in half to below the $5 threshold....
US District Judge Dismisses Record Label Price Fixing Charges
US District Judge Loretta A. Preska for the Southern District of New York has dismissed charges brought by a consumer group that alleged major labels conspired on digital music pricing levels. The recently unsealed decision revealed that Preska strongly dismissed the allegations that Sony Music Entertainment, Universal Music Group, EMI Music, and Warner Music Group used joint ventures and third-party agreements to fix prices on...
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