Major US Music Labels Charged with Price-fixing

Major US Music Labels Charged with Price-fixing

MonkeyClaw on 10 March 2006 - 14:09 · 46 comments & 12218 views

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According to a report by Red Herring, several major US music labels have been slammed with a class action lawsuit filled by San Diego lawyer William Lerach. The labels accused with price-fixing include Sony BMG, Universal, Warner, Bertelsmann and EMI. The suit accuses these labels of "deliberately attempting to prevent the development of legitimate online music service."

The suit later accuses the labels to "conspired to fix and maintain" prices once legitimate service appeared on the market, such as iTunes and Rhapsody among others. This class action comes at a curious time as both the US Department of Justice and the New York Attorney's office launch separate independent investigations into conspiring between labels involving download prices.

News source: Red Herring

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#1 MonkeyClaw on 10 Mar 2006 - 14:25

Isn't that the truth, but the recording industry is a very very very powerful lobbyist group so unless more suits follow, this will probably be swept under the rug.

#2 SMeK on 10 Mar 2006 - 17:38

will have to wait a while to see any thing major come out of this

but its a start

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Major US Music Labels Charged with Price-fixing

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