Music Companies Settle CD Price-Fixing Case
from the such-good-corporate-citizens,-they-are dept
Admitting absolutely no wrong doing (sounds familiar, yes?), music labels and retailers have agreed to pay fines totalling $143.1 million for price fixing CDs. This is the conclusion of the charges that were made a few years back. It is somewhat amusing how the music industry oligopoly continues to whine about all this “piracy” when they’ve been price fixing for years. Using their own analogy, how is that any different than stealing money from consumers’ pockets? I know it’s a completely different situation, but based on music industry logic, it should be exactly the same.