|Thursday, 8 May 2003|
50% drop in price on CD replication
The cost of the replicated original CD has drastically come down, since the commissioning of the first ever CD replication plant in Sri Lanka by Penguin Industries Pvt. Ltd, said its Managing Director, Nimal Ratnasekera "In the past music producers in Sri Lanka had to go abroad to get their CDs replicated at high cost which resulted in the price of a CD brought by the end users beyond their reach.
It also lost country's revenue in terms of foreign exchange," he said.
This has enabled music producers and software developers to make their production more accessible to the end users with lower income.
He said that as far as the local music industry is concerned 90 percent of the locally pre-recorded CDs are brought by people in rural areas.
"But unfortunately due to high prices they are unable to buy CDs of their favourite musicians. With the setting up of our plant we have been able to bring down the market price of such a CD by more than 50 percent," he said.
Penguin Industries manufactures CD, CD ROM and VCD and DVD benefiting professionals involved in the film, teledrama, software developing and music industry.
Produced by Lake House