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Consumers rebelled.
If that's not enough, CD prices for hip hop have hit new heights. In the viciously competitive industry, only the best sells, meaning the platinum producers and labels of the moment. Production costs of a record hit $7, around 280 rupees, leaving a very small profit margin for artists unless they escalated the price even more...
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Production costs of a record hit $7, around 280 rupees, leaving a very small profit margin for artists unless they escalated the price even more. It came to a point where producers refused to sign up with any artist whose production costs exceeded $3 million - they needed to guarantee their survival as well...
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