As I figured
, the other major labels are not following UMG's lead
AOL Time Warner's Warner Music Group, the nation's second-largest music company, says it won't match market leader Universal Music Group's plan to cut its CD prices as much as 30% on Oct. 1.
"We're always looking at our pricing policies, but have no specific plans to do something similar at this time," says Warner spokeswoman Dawn Bridges.
While UMG is making headlines with its price plan, Sony Vice Chairman Sir Howard Stringer said Thursday that Sony Music will challenge online song sales by Apple and Microsoft — and online pirates — with its own online music store for Sony devices this spring.
"We believe in maximizing the opportunities for people to enjoy music by making networks much friendlier places to visit and easier to obtain music from — in a legal manner," Stringer says.