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Article: Record companies settle FTC charges of restraining competition in CD music market; All five major distributors agree to abandon advertising pricing policies.
- Article from:
- M2 Presswire
- Article date:
- May 11, 2000
CopyrightCOPYRIGHT 2000 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...