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Music Companies Convicted of Price Fixing Again
InspectorPraline writes "Providing more proof that the record industry is indeed a oligopoly, this article at the New York Times reports that two major record companies, Vivendi Universal and Warner Communications, have been convicted of price fixing by the FTC over a recording from 1998 of the Three Tenors. While Warner reached an agreement with the FTC about a year ago, Vivendi continues to deny wrongdoing and will, of course, appeal." The FTC's release is quite informative, describing the entire case.
Yay! So now they'll change their evil ways and become good corporate citizens, right?
*cough* yeah right *cough*
Took 4 years for one record, what about the thousands of other CDs that come out every year? Something tells me this is just gonna be a slap on the wrist that they'll recover from quite quickly.
In other news senators carrying large bags of money proposed changing the law and making it legal for music companies to DOS people accusing them of price fixing.
"Beware of he who would deny you access to information, for in his heart he dreams himself your master"-Unknowen
Has anyone got this Three Tenors album in mp3 or ogg vorbis? I haven't heard it yet.
Bwahahahaha
Oh, I was thinking for a moment that it could have been important.
It's the extra tax they make you pay for being Canadian.
1 computer - $999
1 CD burner - $50
1 pair of headphones - $15
1 Portable mp3 player - $199
Ripping off the record companies - Priceless
for everything else, there's gnutella
What did they do, charge us the price for four tenors?
Sheesh, evil *and* a jerk. -- Jade
"the record industry is indeed a oligopoly" How ironic then, that they will be responsible for creating their own oligopsony. B-) (thanks to www.investorwords.com....) "These cornflakes need more Tabasco."