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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.

1 of 217 comments (clear)

  1. Not our jurisdiction? by Guppy06 · · Score: 1, Offtopic

    I have two replies to that. Take whichever one you want.

    1.) There are six flags on the moon. All of them are ours. To paraphrase Eddie Izzard, "No flags, no moon rocks."

    2.) There's a (silly) little UN treaty that says everything that isn't earth belongs to "everybody," essentially that you can take whatever raw materials you can get. Going back to the previous simplification, "No Saturn Vs, no moon rocks."