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Music industry group debate song prices
James Oakwood
0 comments 26 January 2007
On 6 February, MusicTank, the UK-based music industry group, will debate on whether the 79p price point used for iTunes and many other music download services is fair.
The press release on the MusicTank website (which is titled ‘How Do You Divvy Up A Download?’) goes on to say: “Will we ever convince the consumer that they should pay an equivalent price (or more, if buying the majority of an album as individual per-track-downloads) for a downloaded album as for a physical product? Where is the value? After all, with high-street retailers such as Fopp offering highly desirable CD albums for as little as £3, how can we justify upwards of £8 for the same music, in lower sound quality, without the glossy booklet?”
The press release also claims that The Allman Brothers and Cheap Trick are currently waging war on the record label Sony BMG in the courts, as both bands believe that the royalty rates from downloaded music aren’t as high as they should be.
All in all, it promises to be an interesting debate, and if you fancy heading along, you can find more details at the MusicTank website.
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