Stayin' Alive--Or Trying To

Take our word for it, you don't want to be in the record business right now. As downloading from the Internet gradually replaces browsing record-store aisles, CD sales have continued to fall--15% since 2000. But the flailing industry is trying to get hip to the new beat. A quick look at some recent developments. --By Kate Novack

Slashing CD Prices

Universal Music Group, the industry leader with 31% of album sales, unveiled plans to cut prices of its CDs as much as 30%--to $12.98 at retail for most discs. No competitors have followed suit yet, but they probably will. WHAT TOOK...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!