Universal Music has announced that they are going to be reducing the SRP on their A-list CD titles to $12.98 across the board, from the previously ridiculous SRPs of $16.98-$18.98. They are making this move to try and curb online file sharing (something I have recently grown to detest and shun).
This is the move they should have made two years ago.
And those of you who have been following the dialogue from year to year with this musical piracy thing should note that this basically means that Universal is admitting that file-sharing advocates were correct all along; the decline in CD sales was a result of high prices on bad product - and the lack of product value is what has lead to filesharing, not the other way around.
The RIAA has their cause and their effect flipped around.
