Will Fans Expect to Pay Significantly Lower for Albums in the Future?

According to a recent study on illegal downloading by Digital Music News, 30% of people surveyed (who participate in illegal downloading) said that they would pay for music if it was cheaper. But just how cheap are we talking here? The price of a CD has gone down more that 42.8% in the past decade, and continues to gradually drop. And large online retailers like Amazon and iTunes have also been cutting the price of digital album downloads, even offering popular choices like the new Bruno Mars album for as little as $1.99. Read more about the dramatic drop in album sales and what it means for the future here.