Amazon MP3 drops top songs to $0.69

Amazon MP3 has dropped the price on a number of its top-selling songs to $0.69 each, nearly half the price of the majority of best-selling tracks on iTunes. The Los Angeles Times reports that it is unclear whether Amazon or the music labels themselves are eating the cost of the price reduction; currently discounted tracks include “Born This Way” by Lady Gaga, “On the Floor” by Jennifer Lopez, and “E.T.” by Katy Perry. As of this writing, 13 of the top 20 best-selling songs on Amazon MP3 are selling for the reduced $0.69 price, where as only one song in iTunes’ top 50—“Barbra Steisand” by Duck Sauce—is priced below $1.29, selling for $0.99. Curiously, Amazon’s move comes exactly a month after its rollout of a new Cloud Player online music service, which it launched without the consent of the major music labels.