Album price 'should drop to £1'
source: http://www.bbc.co.uk/news/entertainment-arts-11547279
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Rob Dickens was in charge of Warner Music during years of Madonna, REM and Simply Red (83-98) and has with the already declining sale of albums it is time for the industry to sell them for £1 to combat piracy.
"If record labels made the decision to charge much less, fans would not think twice about buying an album on impulse and the resulting sales boost would make up for the price drop, he predicted. [...] He added: "To a degree it solves piracy because if it's such a small amount people are more likely to pay it than [download for] free." In his scenario, record labels would be able to make "big money" from other sources such as gig tickets and merchandising."-BBC
However, the idea was criticised by some arguing no one in the industry would put prices that low and claimed he was out of touch. Along with Chris Cook an editor for CMU who said it would be resisted by the industry, since the risk would mean prices won't go up again.
"If record labels made the decision to charge much less, fans would not think twice about buying an album on impulse and the resulting sales boost would make up for the price drop, he predicted. [...] He added: "To a degree it solves piracy because if it's such a small amount people are more likely to pay it than [download for] free." In his scenario, record labels would be able to make "big money" from other sources such as gig tickets and merchandising."-BBC
However, the idea was criticised by some arguing no one in the industry would put prices that low and claimed he was out of touch. Along with Chris Cook an editor for CMU who said it would be resisted by the industry, since the risk would mean prices won't go up again.
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