Music industry: CD prices are being drivenJAN 31 2007

Music industry: CD prices are being driven down by $9.99 albums on iTunes Music Store. "Physical retailers are pressuring the labels downward on price (of course, Wal-Mart is the biggest culprit) because they don't want to be undercut by iTunes 9.99 on all single albums. We're rapidly moving to a 9.99 world on the big sellers (the ones stocked in Target and Wal-Mart and Best Buy)."