Re: Details

["Brian Wright" <lump_16@hotmail.com>]

So any word on whne prices will fall and by how much??

LAter,
Brian Wright

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>From: thewho rocks <leb905@yahoo.com>
>To: oddsandsods@thewho.net
>CC: thewho@igtc.com
>Subject: Details
>Date: Thu, 11 May 2000 09:59:33 -0700 (PDT)
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>Ha.  Here's that story in the paper:
>
>In an action that could lower music cd prices, the five major music
>distributors Wednesday settled federal charges that they inflated the
>prices Americans pay for their favorite compact discs.  Under the
>agreement the five companies will discontinue minimum advertised price
>programs that forced retailers to sell msuic cds at or above a set
>level in return for getting sustantial funding to underwrite their
>advertising.
>
>The programs cost consumers $480 million during the past three years,
>the FTC estimated.  Under the consent agreement, Universl Music and
>Video Distribuion, Sony Corp. of America, Time-Warner Inc., EMI Music
>Distribution and Bertelsmann Music Group will be barred from using
>minimum price programs for the next seven years.
>
>In return, the government agreed not to seek damages for past prices
>and did not require the companies to make an admission of wrongdoing,
>officials said.  Violations of the FTC order formalizing the consent
>agreement could result in a fine of $11,000 each.
>
>LB
>
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