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Short Take: CDnow lowers prices up to 30 percent

Net music retailer CDnow has announced discounts of up to 30 percent on its products. The company said the savings are based on the popularity of individual titles among its customers. Other Net retailers, such as online bookseller Amazon.com, also offer deep discounts to attract customers from their brick-and-mortar competitors. Analysts have pointed out that the flooded Net music space has not proven especially lucrative yet, bringing in less than 1 percent of overall music sales.

Net music retailer CDnow has announced discounts of up to 30 percent on its products. The company said the savings are based on the popularity of individual titles among its customers. Other Net retailers, such as online bookseller Amazon.com, also offer deep discounts to attract customers from their brick-and-mortar competitors. Analysts have pointed out that the flooded Net music space has not proven especially lucrative yet, bringing in less than 1 percent of overall music sales.