THE PLUNGING PRICE OF THE CD
The neverending feedback loop that is the decline of physical retail and the falling price of CDs has reached a new frenzy, with Walmart — the #1 chain for physical CD sales in the U.S. — announcing that most of its titles will now sell for less than $10, with some new releases going for as low as $5.
That sound you hear? The dying gasps of physical retail as we know it.
So what’s next? Will consumers a year or two down the line be willing to pay for recorded music at all? Will some kind of a la carte subscription service arise?
-VN
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