I mean, sure, it's Viscious Profit-Taking Tactics 101, but, still … it's tacky. #ddtb
Embedded Link
Whitney Houston album price hike sparks controversy
Sony Music under fire after cost of greatest hits set on iTunes rises by more than 60% after singer's death. By Josh Halliday
Google+: Reshared 1 times
47 view(s)
Well lookie there, not only Big Pharma profited, now Sony wants a piece, as if they didn't make enough already. Just sickening. People wonder whats wrong with this world.
They could have either done it gradually or at least waited until she was buried. :-/
It's simple economics: supply and demand rule. When demand increases, it becomes difficult to fulfill the new demand using existing inventories and current production techniques. So suppliers must increase prices in order to overcome production issues. What? You mean that they can just send the same bits across the Internet at no additional cost? Hmmm. Doesn't that imply that the labels and distributors are nothing more than profiteers?
I'm all for capitalism/making a buck, but I also believe some go about it in bad taste.
To me, this is totally bad taste .
My first thought was it happened so quickly that perhaps Sony was using some Demand Pricing algorithm like the airlines use — I've understood those to have become much more prevalent with increasing ecommerce and thus more real-time data. But the article seems rather ambiguous as to whether it was a wholly conscious, human decision or something that was triggered automatically by a spike and then reviewed.