Create an Account
username: password:
 
  MemeStreams Logo

Yahoo! News - Music Biz Pays for CD Price Scam

search

Darwin
My Blog
My Profile
My Audience
My Sources
Send Me a Message

sponsored links

Darwin's topics
Arts
  Movies
   Comedy
  Electronic Music
Tech Industry
Games
Health and Wellness
Miscellaneous
Current Events
Recreation
Science
  Chemistry
Society
  Politics and Law
   Intellectual Property
Technology
  Computers
   Computer Security
    Cryptography
   PC Hardware
   Software Development
    Open Source Development
    Perl Programming
  High Tech Developments

support us

Get MemeStreams Stuff!


 
Yahoo! News - Music Biz Pays for CD Price Scam
Topic: Miscellaneous 2:24 pm EDT, Oct  1, 2002

A $143.1 million price tag has been set for conspiring to rip off CD buyers.

And the world's five largest music companies and three largest music retailers have agreed to pay up.

The music moguls have decided to settle a CD price-fixing lawsuit brought against them by 41 states and commonwealths. States' attorneys say the music companies and retailers conspired to inflate the cost of CDs from 1995 to 2000, thus violating both federal and state antitrust laws and bilking consumers out of millions of dollars.

(And they wonder why fans resort to MP3-swapping? Yeesh.)

Yahoo! News - Music Biz Pays for CD Price Scam



 
 
Powered By Industrial Memetics
RSS2.0