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View Full Version : OT: DoJ probes Big Music cartel


Beamtracer
03-04-2006, 12:57 AM
This is a story about the music download business, but it could have ramifications for the video and film industries, who's future is also in downloads.

Original story from Wall Street Journal (subscription), link to Yahoo news (non-subscription)
http://au.biz.yahoo.com/060303/31/kt1r.html

US authorities have begun an investigation into potential antitrust violations in the Internet music download industry, the Justice Department says.

The Wall Street Journal reported earlier the agency had begun a probe into possible collusion in the ways the four global music companies set prices for online music.

Citing people familiar with the matter, the Journal says civil investigative demands, similar to subpoenas, had been sent on Monday to the major music companies including Universal Music, Sony BMG, EMI Group and Warner Music Group.

The newspaper says the probe centres on the possibility of price fixing by the major labels in offering music to online music sellers.

It also says "vertical collusion" between retailers like Apple Computer's iTunes, may also be part of the probe.

MooseDog
03-04-2006, 05:49 AM
now that's a b.f. surprise:rolleyes: how much more incompetence and root-kit idiocy are we going to get to watch as these companies get dragged kicking and screaming out of their old business models?

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