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March 06, 2006
Justice Dept Investigating Major-Label Price-Fixing of Online
The Department of Justice has launched an investigation into the online music industry, looking into possible price-fixing in the growing online download business. Universal Music Group, EMI Music, Warner Music Group Corp., and Sony BMG are thought to be subject to investigation in this matter. Currently, most online downloads are sold for $.99/song. Labels would like to use a variable-pricing model where new and popular songs would have higher prices. Online stores, such as iTunes, have resisted raising their prices.
From Justice Dept Investigating Major-Label Price-Fixing of Online
Posted by Mel at March 6, 2006 10:44 AM
