Amazon prices “devalue” music

September 2010

Record labels, artists, retail

Laura Ballance, the co-founder of Arcade Fire’s US label, Merge Records, has accused Amazon of “devaluing music” after the e-tailer decided to sell the download version of the band’s new album, ‘The Suburbs’, for just $3.99. The album, which shifted 156,000 copies in its first week, went to number one in the USA but Ballance says that 97,000 units were sold  at the $3.99 price point which Balance says “devalues”. ‘The Suburbs’ went to number one in the UK as well and Amazon UK also sold the album at a discounted price of £3.99 during its first week of release.

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