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Article: Warner Music cutting suggested retail price on many older albums
- Article from:
- AP Worldstream
- Article date:
- May 7, 2004
- Author:
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ALEX VEIGA, AP Business Writer
AP Worldstream
05-07-2004
Dateline: LOS ANGELES
Warner Music Group, the company behind Madonna, Missy Elliott and Rod Stewart, is reducing the suggested retail price on more than 1,700 albums beginning next week in a bid to spur CD sales.
The initiative, which was outlined in a letter sent by the recording company to retailers this week, lowers the suggested retail price on 1,776 titles that have been in stores for at least 18 months.
The company's suggested price on more than 1,200 of the so-called back catalog titles will change from between $18.98 and $13.98 to $9.98. The roughly 500 other titles will have a suggested price between $13.98 and $11.98.
Warner ...