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Music Companies Convicted of Price Fixing Again

Posted by michael on from the plus-c'est-la-meme-chose dept.

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.

2 of 217 comments (clear)

  1. Price Fixing? nah! by Myselfthethoom · · Score: 5, Funny

    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
  2. I though the prices were always fixed. by FreeLinux · · Score: 4, Funny

    Has anyone got this Three Tenors album in mp3 or ogg vorbis? I haven't heard it yet.

    Bwahahahaha