CD prices continue to sink

News: 12th May 2010 by Louise Dodgson under Finance, Law & Music Business, Record Labels, Selling & Distributing Your Music

Source: http://www.flickr.com/photos/mulad/285455030/

The BPI has unveiled stats that show quite a big drop in the prices paid for CDs which has culminated in a decline of 28% over the past decade and CDs being bought at an all-time low average price of £7.99. It's not quite bargain-bin prices yet, but still quite a considerable fall to take into account.

As we expected the sinking figures are being put down to the affects of music piracy, plus the influence of larger scale retailers such as supermarkets selling music cheaply and in turn bringing the average unit price lower. However, for the most part the CD is now considered a dying format so perhaps this should be taken into account as well?