Article: Record companies settle FTC charges of restraining competition in CD music market; All five major distributors agree to abandon advertising pricing policies.

M2 PRESSWIRE-11 May 2000-US FTC: Record companies settle FTC charges of restraining competition in CD music market; All five major distributors agree to abandon advertising pricing policies (C)1994-2000 M2 COMMUNICATIONS LTD

RDATE:10052000

The Federal Trade Commission announced today that it has reached separate settlement agreements with Universal Music and Video Distribution, Sony Corp. of America, Time-Warner Inc., EMI Music Distribution and Bertelsmann Music Group (BMG), the five largest distributors of recorded music who sell approximately 85 percent of all compact discs (CDs) purchased in the United States to end their allegedly illegal ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!