PR Newswire: news distribution, targeting and monitoring
 

iTunes & Napster Blasted By Music Download Watchdogs

 

NEW YORK, Nov. 17 /PRNewswire/ -- iTunes.com has been repeatedly criticised for raising the prices of music downloads during a time when online music sales are on the rise. Single track downloads recently rose from 99c to $1.29 on iTunes which prompted competing music sites Amazon, Napster, & CDUniverse to also raise prices. Critics of the price rise hope this opens the door for newer sites to take precedent by lowering prices.

TunesPro.com, a relatively new mp3 download site, has overwhelmed sales expectations by taking a huge chunk of the market share simply by offering all individual songs for as little as 19c, with additional 10% discounts given to consumers who purchase full albums.

"It simply doesn't make sense to buy music for $1.29 per song at iTunes.com when TunesPro is offering the same exact music for a fraction of the cost," says Jesse Kuzecki, a dance choreographer who often purchases music online via TunesPro.

According to Slyck.com, a popular newgroup offering music news and reviews, "It's no secret by now that buying a CD single is soooo 2001. In an era where you can stuff 10,000 songs in a device the size of a paperclip it's hardly a revelation that CD single sales have tanked, while 2009 was a record year for digital single sales in the UK. And the BPI has the stats to back it up." claims Thomas Mennecke, chief editor of Slyck.com while explaining "The latest digital music sales in the UK paint the situation perfectly. In 2002, there were almost 144 million CD single sales with only about 44 million digital download sales.

Those numbers have totally flipped in 2009 - there were only 1.9 million CD single sales, with an impressive 117.6 million digital download sales"

Mike Chancy of Mp3.com forums reiterated his colleagues disapproval of the high costs by stating, "Consumers shouldn't have to win the lottery in effort to finance the high music costs". According to Chancy, if sites similar to TunesPro gain popularity, iTunes and Napster will be forced to either lower prices or face losing their respective market share.

    Comtex IT - Internet Research
    922 W. Beverly Dr.
    Beverly Hills, California 90210
    Dr. Richard Jones - Chief Researcher, author of the above report
    Website: www.certifiedby.com
    Media Relations info@certifiedby.com
    Telephone: 818-475-2935

SOURCE Comtex IT - Internet Research

Back to top

RELATED LINKS
http://www.certifiedby.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

Featured Video

 
  • Print
  • Email
  •   RSS
  • Share it 
  • Blog it 
  • Blog Search 

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Free Investing Newsletter from Investor Uprising!

Learn to navigate the world's financial system and profit from leading companies.  


Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All The Glitters: The Ultimate Gold Report".

Advanced Search
Search
  
  1. Products & Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire