spacegrass, jab1981, Sgams, d day, Mr. Belvedere and TheTarbaby used our newssubmit to tell us that the five largest music companies have to pay a very big fine to settle a CD price-fixing case. During 5 years they kept prices of CDs too high by signing contracts with resellers. Of course they didn’t admit they were wrong, what did you expect?
The five record labels ‘” Vivendi Universal’s Universal Music Group, Sony’s Sony Music, Bertelsmann’s BMG Music Group, Warner Music Group, a division of AOL Time Warner, and EMI Group ‘” and the three retailers, Musicland Stores, Trans World Entertainment and Tower Records, agreed to stop using MAP policies as part of the settlement. The companies, which did not admit any wrongdoing, will pay $67.4 million in cash to compensate consumers who overpaid for CDs between 1995 and 2000. The companies also agreed to distribute $75.7 million worth of CDs to public entities and nonprofit organizations throughout the country. |
Beware if you illegally download music, for you will burn in hell. That is what the music companies keep telling us. But keeping prices artificially high isn’t a crime? Read the entire article here.
Source: Reuters
15 Comments
| The companies also agreed to distribute $75.7 million worth of CDs to public entities and nonprofit organizations throughout the country. |
, it most certainly is a word! Those who are overly critical are most likely to have the most flaws.
Your post sounds a tad condescending. And by the way, I am a High School (age 16) and College Graduate (age 20). However I didn't specialize in outdated and uncommon uses of English language. I do however take notice when the English language is incorrectly used so blatantly. Not that I am with out flaws, simply stated something of that nature should be common knowledge. You need little education and no degrees for that. Such faith you have in a failed educational system. Good that you're optimisitic my friend.
I'd be interested to see how these consumers can recoup some of this money. I certainly didn't save my receipts for cds purchased years ago. Most popular headlines
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