US Justice Department to investigate digital music pricing

Posted on Monday, Mar 06 2006 @ 02:34 CET by Thomas De Maesschalck
The U.S. Justice Deparment opened an investigation to investigate the ways the big four global music companies, Vivendi Univeral, Sony BMW, EMI and Warner Music, set prices for online music.
A Justice Department spokeswoman, Gina Talamona, said that antitrust enforcers are 'looking into the possibility of anticompetitive practices in the music-download industry.'

As part of the inquiry, which doesn't appear to be a criminal investigation, all four companies have either received so-called civil investigative demands, similar to subpoenas, or have been notified they will be receiving them soon, the Journal said. The investigative demands were sent out Monday.
More details over at Forbes


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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