Quakester2000 used our news submit to tell us
that Warner and Universal have been hit with a price fixing case again.
Earlier the largest
record labels had to settle for a price fixing suit in the United States. This
time Polygram, who later was purchased by Universal and Warner restricted
competition in the sale of a CD.
unanimous decision, members of the U.S. FTC (Federal Trade Comission) chastised Vivendi Universal and Warner Communications for restricting competition in the sale of "The Three Tenors" - Jose Carreras, Placido Domingo, and Luciano Pavarotti - audio and video products. It seems that PolyGram (a company later bought by Vivendi) conspired with Warner "to curb discounting and advertising to boost sales of recordings that the two companies jointly had distributed based on the tenors' concert in Paris during the 1998 soccer World Cup." |
Besides
this, TheRegister has also an intresting 'rant' about the record industry, read
the entire article here. Discuss the record industry in our LivingRoom.
Source: TheRegister
