Ravenwood - 10/03/02 01:02 PM
The record industry has settled a price fixing suit with the states to the tune of $143 million. The industry that continues to blame their customers for internet piracy on the drop in album sales admits no wrong doing, but agrees to pony up for the questionable practice of minimum pricing agreements that kept CD prices inflated throughout the mid to late 1990s.
At the time the suit was filed, it was estimated that customers had been overcharged $480 million. Universal balked at the assertion and stated that "We believe our policies were pro-competitive and geared toward keeping more retailers, large and small, in business."
While price fixing will obviously keep retailers in business, I don't see how they can call it pro-competitive.
If record companies where investing in there business properly they would shell out alot more money to fund school music programs. Shoe companies pay for spots workshops and dam even gatorade does the same. How about building an audience that can appreciate music then people would buy more cd's. If you only support a top 40 list with 5 generea's then your bould to have alot of piracy. If you distribute the wealth to 100 groups then you;ll have less piracy. Business is always trying to get govenment to crate it's audience and thats not fair.
Posted by: E-Nuf at October 3, 2002 5:11 PM(c) Ravenwood and Associates, 1990 - 2014
