Major labels want to raise the price of online music | iLounge News

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Major labels want to raise the price of online music

“All five of the major music companies are discussing ways to boost the price of single-song downloads on hot releases - to anywhere from $1.25 to as much as $2.49. It isn’t clear how or when such a price hike would take place, and it could still be months away. Sales of such singles - prices have remained at 99 cents - still account for the majority of online music sales.

The industry is also mulling other ways to charge more for online singles. One option under consideration is bundling hit songs with less-desirable tracks. Another possibility is charging more for a single track if it is available online before the broader release of the entire album from which it is taken. There is also talk of lowering the price on some individual tracks from older albums.”

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Comments

1

What a joke! As if they weren’t conning us enough by charging full-price for something that is lacking. It can only be played on one system, has no CD-inserts or extras AND takes time to download. Now they want to charge more for the privelidge.

I would have thought they’d learn that it was ridiculously high music prices that drove most to piracy in the first place. They’re just trying to milk it now.

Posted by Angelfly on April 8, 2004 at 2:16 PM (PDT)

2

Does the recording industry *want* to be killed? First they overprice CDs, leading to music theft on a national scale, and just when they are starting to lower the CD prices they want to do the same thing with legal online downloading!

Posted by Colin Plamondon on April 8, 2004 at 2:29 PM (PDT)

3

Unfortunately, the music industry thinks music is like water; that we all need it to live. 

It’s reporting on the low CD sales the same way the weatherman reports that there is a drought, like there is some yearly standard level of music buying that simply *must* occur.

I just don’t get it.  You continue to produce trash and try to shove it down our throats?  Eventually people will get sick of it and not buy it.  It’s not because we’re all downloading stuff, it’s just that buying music isn’t worth it anymore.  The product does not justify the price.  It’s simple economics, but the music industry would have you believe that a certain amount of CDs must be purchased each year.

Their business model is failing, their product is afwul.  Hence the falling sales.  it’s as simple as that.  What they need to do it stop blaming everyone but themselves.

Posted by msherman on April 8, 2004 at 2:41 PM (PDT)

4

I have just brought an ipod, and thought I would start downloading my tunes legally, but I did think for what I am paying per song for downloading I could have the whole album with packaging cheaper in the shop, downloads had to be the future of music, then before I had actually downloaded one song they are hiking the price up, this is not the way forward or it will encourage piracy, or like me I still buy mine from the local supermarket at low prices.
To make it work drop prices not raise them.

Posted by dean on April 8, 2004 at 2:47 PM (PDT)

5

Isn’t GREED among the seven deadly mortal sins of man.
Record company’s are indeed trying to kill the “enjoyment” of music.

Posted by derek on April 8, 2004 at 2:47 PM (PDT)

6

Just another reason that this kind of behavior drives the majority to download from peer to peer networks.  It’s a known fact that the artists aren’t getting more than about $1 a cd.  If the big artists would shun the labels and market directly, at a cost of $5 per album, they’d make more money.

It’s this kind of greed that fuels the anti-RIAA sentiment that they’re spending money to fight.  This is big business at its worst, and I’m totally against the RIAA.  They’re bozos.

Posted by no way on April 8, 2004 at 2:53 PM (PDT)

7

The RIAA and the record companies are ridiculous. They are run by greedy, sellout executives that have no idea how to sell music.  I think the iTunes store is a complete ripoff in the first place.  Why if you pay for a song that is like 1/16 the original quality do you have restrictions on it?  Just download it off Kazaa or limewire.  A song on itunes is 128kbps and a real cd is 1411kbps, and we are still paying full price?  what the hell are these people snorting, cause I want some.  I dont buy from itunes anymore, i will pay 2 or 3 bucks more at bestbuy and get original quality, album art, extras, commentaries, all the great stuff albums are about.  If they raise the price, I hope all of these companies go down in flames, they ####### deserve it.  Until a real solution is presented, limewire is my place for single song downloads…

Posted by Rob on April 8, 2004 at 3:09 PM (PDT)

8

“One option under consideration is bundling hit songs with less-desirable tracks.”

This already happens with most CDs.

Posted by 10mhzbipod on April 8, 2004 at 3:39 PM (PDT)

9

Thats it. I’m stealing music again…

F U RIAA

And the FU does not stand for “Fun University- RIAA”

Posted by Alan Wegrzyn on April 8, 2004 at 3:52 PM (PDT)

10

well I know what songs I won’t be buying!

Posted by dethbrakr on April 8, 2004 at 3:58 PM (PDT)

11

Heh, it’s a good thing iTunes isn’t available in Canada.  And that filesharers aren’t going to be prosecuted here.  Yay for the Internet.

Posted by MeshAir on April 8, 2004 at 3:58 PM (PDT)

12

Raise the price???
These people just don’t get it.

Posted by Pigpen65 on April 8, 2004 at 4:20 PM (PDT)

13

The RIAA is notorious for trying to strong arm the market and dictate the prices of music.  As soon as they get involved with legit online stores they try to bully them into raising prices. 

The RIAA receives something like $.80 from every $.99 song sold already, I guess they need a bigger cut.

Imagine if the shoe was on the other foot.  After the RIAA agrees to a deal with Apple Steve Jobs turns around and says, “Hey, we just really need to adjust these prices…from now on, every song is only $.25”  That would never happen because it’s horrible business, but for some reason that’s the way the RIAA operates.

Posted by Ryan on April 8, 2004 at 4:30 PM (PDT)

14

well - back to stealing music
new this 99 cent thing was too good to last

Posted by desicanuk on April 8, 2004 at 4:34 PM (PDT)

15

This could really diminish the success of online music.  It’s too soon for this, you’ll only drive people toward file sharing options, now that they have seen how easy downloading music is.

Posted by slider on April 8, 2004 at 4:50 PM (PDT)

16

ooh ooh! I have a great idea for how the Record companies can increase sales and profit.

Make more good music.

They’ve got a great thing going with people willing to pay for downloads. They have to go and abuse these customers by over charging them. 99cents is the sweet spot. We’ll see on0line sales drop dramatically, if they go through with this.

but then again, record execs have been know to be greedy *ssholes who’ll take advantage of anybody. sigh.

I think the garageband community is going to grow very large as a result, with people sharing their own music freely.

Posted by Starboard on April 8, 2004 at 4:56 PM (PDT)

17

buy the single on iTunes, buy the album at the store…  unlimited ripping to as many computers, as many times as you want… $2.49? Are they kidding us?

Posted by esra in PA on April 8, 2004 at 5:01 PM (PDT)

18

if you want to buy music online legimately you can still use http://www.allofmp3.com/index2.shtml

Completely legal, 1 cent per megabyte and you can encode in whatever format and quality you want (yes, even AAC).

Otherwise, back to P2P wink

Posted by Mahler_seele on April 8, 2004 at 5:12 PM (PDT)

19

Go Ahead, the music is dead anyways. All the great music has already been put out. I’ll bask in AC/DC and Zeppelin while you kiddies listen to Good Charlotte and Britney Spears.

Posted by Stasyna on April 8, 2004 at 5:14 PM (PDT)

20

If ever an industry deserved to collapse!!!

You now have a way to SELL music with NO manufacturing & distribution costs & you want to charge more it…BITE ME!!!

.....“One option under consideration is bundling hit songs with less-desirable tracks”  Now they’ve been doing that for years, they’re called albums!!!
when was the last time anyone bought an album with 10 “desirable” tracks on it?

Listen up RIAA, your days of monopoly are done!!!  rip us off & we’ll rip you off!!!

Posted by Jason on April 8, 2004 at 5:25 PM (PDT)

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