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As reported on Hiphopspy previously that all the labels are about to go bankrupt, Warner music group is about to go under next.In an effort to slow down massive financial losses, Warner Music Group will be one of the first of the four major record labels to test variable pricing. During the latter half of May, WMG will partner with the Indianapolis based company Digonex to pilot a variable pricing program for its digital albums. The change comes about six months after WMG saw its stock hit a record low of $9 per share in November of 2007. As the home or parent label to Plies, T.I., Gnarls Barkley, Flo Rida, Bun B and Diddy, WMG is one of the few labels whose artists are still selling physical albums. Yet, the current marketplace indicates a shift toward digital media is coming sooner rather than later. Music industry analyst Paul Resnikoff describes the program as a hybrid which involves “real-time demand data and constantly-changing price points.” The new system would be more in tune with the customer’s demand for a product, essentially allowing them to dictate the price of an album by their likes and dislikes. WMG also adds that the test will be for a limited amount of time and titles and participating retailers are not being announced. Now that fans with Internet access can freely download virtually any album via peer-to-peer networks and blogs with little or no legal repercussions, a larger question remains. Will people purchase legal, digital copies of albums when they can illegally download them for free? We at Hiphopspy say hell no, nobody is wasting there hard earned money o something they can get for free, is there anyone of the above mentioned artists worth 9 bucks for a cd. We think not. Boycott buying major label music so it will all be free download. The end is near for all of them!!

This is as real as it gets in the music industry.

    
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