That rings a bell with me - an obscure one, however.
The Senegalese record industry was completely killed by piracy; by the mid 1980s, every record company had gone bust and shut down. For about ten years, all albums were made as a result of a series of ad hoc, one-off, contracts between the basic participants - bands/managers, studios, tape duplicators, printers, independent producers, and distributors - the competition for business was very intense, costs were driven down very quickly and legitimate product was soon being issued at the same price as pirated albums (approx $1.50 an album). The pirates packed it in. Record companies started setting up again in the mid 1990s. Prices remained the same ($2 - the dollar has been falling )
MG