Music Retailer Competition

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Barry Ritholtz has a great post on the new price competition among music retailers. The best quote from the piece,

This continues to demonstrate the silliness of the RIAA litigation strategy. If the marketplace is allowed to freely function, competition would drive prices down and unit sales up. Artificial price supports are what was killing sales, and not the advertising that is file sharing . . .

All I can say is that the music companies should have hired Barry years ago. Instead they have become a textbook example of how to ignore your customers and not adapt to changing demands.





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