Music Industry Set To Introduce the "Ringle"
mrneutron2003 writes “The RIAA has officially backed a move by the recording industry to reintroduce the CD single. Populated with three songs and a ringtone, this brilliantly clueless idea is to be marketed as a ‘ringle,’ complete with an even more clueless retail price of $6-7 per CD. Apart from the fact the industry hasn’t agreed on how the ringtone is to be redeemed (Sony BMG, the initial proponent of the idea, is the exception here), the pricing puts it way out of line with legitimate digital music downloads.” At $7, retailers would enjoy a profit margin they haven’t seen since the days of cassette tapes and vinyl.
Read more of this story at Slashdot.
Posted on Tuesday September 11th
