Internet Music Retailers Race to Cut Prices

By Harry Kimball,  Newser Staff
Posted Mar 18, 2009 2:25 PM CDT
Internet Music Retailers Race to Cut Prices
A South Korean model demonstrates new digital music technology.   (AP Photo)

Faced with crumbling CD sales and a digital market without enough oomph to compensate, online music sellers are slashing prices to lure buyers, the Boston Globe reports. “It is the schoolyard crack dealer approach,” one analyst said. Amazon MP3 offers sought-after albums for $3.99, and others for just $0.99. iTunes also offers specials for $6.99, and the trend is forcing physical record stores down as well. (Read more Amazon MP3 stories.)

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