Amazon Declares War: Drops Hit MP3s to 69 Cents
Date: Friday, April 29, 2011 @ 08:02:40 UTC

In recent days, the price of most track downloads in Amazon's Top 100 Singles have dropped to $.69 cents. Many of these same songs sell on iTune's for $1.29 including Katy Perry's "E.T.", Jennifer Lopez's "On the Floor" and Lady Gaga's "Born This Way." Sources tell Hypebot that the labels are receiving full wholesale payments form the online retailer, with Amazon absorbing losses in an effort to attract new customers. Complete Article

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