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British Record Companies Win £41m In Damages

Posted by kdawson on from the segmenting-the-world dept.

Benjamin Fox writes "The BBC is reporting that online retailer CD-Wow has been ordered to pay £41m to the British Phonographic Industry. The London High Court ruled that Hong Kong-based CD-Wow, which imports cheap (but genuine) CDs from Hong Kong and elsewhere into the U.K., is '"in substantial breach" of a 2004 agreement to stop importing CDs.' This is a serious blow to proponents of an open, no-barrier music market."

3 of 271 comments (clear)

  1. Cry me a river. by grub · · Score: 5, Insightful


    Record companies win 41m damages

    Which they will, naturally, turn over to the artists...

    FTA: "It is vital that all retailers compete on a level playing field," said director general Kim Bayley. "Illegal imports threaten that level playing field and threaten British jobs."

    Cry me a river, think of your jobs as being "outsourced" to Hong Kong. Your brick & mortar record stores are going the way of the haberdashery and cooper workshop. Be creative and come up with a new business model or go extinct.

    Being in business for X years doesn't give you a mystical right to be in business for X+1.

    --
    Trolling is a art,
    1. Re:Cry me a river. by joe_adk · · Score: 5, Insightful

      It always bugs me when things like this happen. Businesses can outsource their labor and production, but we can't outsource our merchants.

  2. The Hypocrisy by MrSteveSD · · Score: 5, Insightful

    I'm really sick and tired of the hypocrisy. When we lose our jobs to cheaper workers overseas, big business tells us that it's unfortunate but it's the harsh realities of the international business etc. Yet when that same market threatens them, the government steps in to protect them.