CD prices to rise after court settlement
Found on Times Online on Tuesday, 20 January 2004
Britain's music lovers are facing the prospect of paying more for their CDs today, after the music industry forced an online retailer to stop importing cheaper CDs for sale in the UK.
CD Wow!, the Hong Kong-based online retailer, has agreed to stop sourcing its CDs from Asia and other regions outside the European Union, which will add £2 to the retail price of its CDs.
Mr Robinson said the price of CDs would rise from £8.99 to £10.99 from Sunday.
The BPI admitted that the CDs imported by CD Wow! were genuine products bought from subsidiaries of UK record companies, but argued that they had been sold in the UK without their consent.
Obviously, the music industry has no interest in making music cheaper; making profit counts more. And they really wonder why people keep on sharing music instead of just stuffing more money into their pockets? So much for fair competition on the music market.