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Music Industry Pays $67M Fine For Price Fixing

Krelnik writes "Reuters is reporting that the music industry is paying a $67.4 Million settlement to end a lawsuit where they were accused of artificially inflating CD prices at retail. Yeah, P2P is causing their problems. Sure, sure it is. Here's the story at Reuters UK."

11 of 511 comments (clear)

  1. Let's write a law by pussycat · · Score: 5, Funny

    Let's write a law to make it legal to hack* RIAA lawyers when we suspect them of "pirating" our money.

    * hack meaning to chop into little pieces

  2. So are they going to lower prices now? by Anonymous Coward · · Score: 5, Funny

    Yeah right. When hell... hey wait a minute - massive climatic change? Maybe there is hope...

  3. Re:It had to happen by MaxVlast · · Score: 5, Funny

    Have you seen the headquarters of Sony Records? Potted palm trees aren't cheap, mister. Think of the trees!

    --
    There should be a moratorium on the use of the apostrophe.
    Max V.
    NeXTMail/MIME Mail welcome
  4. Re:Drop in the bucket by Idarubicin · · Score: 5, Funny
    They will just regain the cost of the fine when I pay the $21.99 for the new Brittany cd anyways!

    The real problem here is that anybody is paying for a Britney CD.

    Understand, in this case I'm most definitely not advocating piracy.

    --
    ~Idarubicin
  5. WHAT!?!?!?! by Eric_Cartman_South_P · · Score: 5, Funny
    They don't even give money to the Artists, so I don't think you're going to get any.

  6. Re:No surprise here.... by Kwikymart · · Score: 4, Funny

    What if Celine's latest album is crap?

    That kind of question is a priori.

    --

    Buying a Dell computer is equivalent to dropping the soap in a prison shower.
  7. Correction by Snork+Asaurus · · Score: 5, Funny

    Sorry to reply to my own post, but I have made a serious error in my calculations - I forgot to include the artists' royalties that they'll have to pay. So, instead of $1,114,000.00 cost to the record industry, make that $1,114,003.65. My apologies for the oversight.

    --
    Sigs are bad for your health.
  8. Re:No it doesent by blair1q · · Score: 4, Funny

    It's less than Madonna's first big contract with Sony. It's a small fraction of Michael Jackson's contracts. It's not much more than Mariah Carey got.

    It's Tommy Mottola's wall-safe money.

    The lawyers get a third, the rest of us get 50-cents-off coupons for Chicago MCMXVIIIII.

  9. Re:this is good news by quintessent · · Score: 4, Funny

    Heh. If you mod me down, I'll introduce you to my sister.

  10. Re:And at a board meeting, a single tear is shed.. by dasunt · · Score: 5, Funny

    I have a theory that what geeks need is a large advertising budget. We need commercials on TV that tells our side of the story.

    Imagine it...

    View of a long haired pale man hunched over a keyboard
    Johnny is a hacker. But he doesn't live in his parent's basement. He doesn't work for an evil foreign government. He's not part of a group that spells their name with numbers. No, Johnny works for the record companies. Under a proposed US law, Johnny will have the right to hack into your computer and break it. The record companies are very concerned with getting the ability to hack your computer - even though they aren't concerned about lower CD prices. They were recently convicted of overcharging Americans roughly half a billion dollars for CDs.

    See, we need an agency to mix the FUD our way. :)

  11. Justifies P2P downloading! by gosand · · Score: 4, Funny

    OK, so the RIAA owes me. They can subtract all the music I have "pirated" from the bill. I bet they still owe me money.

    --

    My beliefs do not require that you agree with them.