updated 12:15 pm EST, Mon February 13, 2012
Jacked wholesale price causes spike on iTunes
Sony Music briefly inflated the price of a Whitney Houston album -- The Ultimate Collection -- only hours after the singer's death on Saturday, a Guardian report notes. The company is said to have initially raised the album's wholesale price at about 4AM on Sunday, causing its price to automatically jump at places like the iTunes Store. At the UK iTunes Store, the cost rose from £5 to £8; the album is actually an old one, a best-of compilation dating back to 1997.
Sony is said to have reviewed the Houston iTunes catalog immediately after the singer's death was announced. An inside source alleges that the label wasn't trying to be "cynical," but was instead fixing a mistake. At the same time, both The Ultimate Collection and another Houston album, 2000's The Greatest Hits, have surged on iTunes charts.
In the US, The Greatest Hits is currently sitting at second place under Grammy-winner Adele's 21. Most of the tracks on the two-disc album cost $1.29, a price usually reserved for new and/or high-profile releases.