Thursday, October 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook To Change Real-name Policy
CEA Outlines Five Technology Trends In Consumer Technology
Apple CarPlay Update Now Available with Firmware for Pioneer NEX In-Dash Receiver Models
Philips to Appeal $467 Million Patent Infringement Lawsuit
Rovio to Slash 130 Jobs
Toshiba Offers Ultra-small e-MMC Embedded NAND Flash Memory Products
ARM and TSMC Unveil Roadmap for 64-bit ARM-based Processors on 10FinFET Process
LG Brings Its Ultra HD 4K OLED TV To The U.S.
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > Consumer Electronics > EU Fine...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 20, 2007
EU Fines Japanese Videotape Producers For Price Fixing Cartel


The European Commission hit Sony and two other Japanese producers of videotape with fines totaling nearly 75 million euros ($109.8 million) on Tuesday for fixing prices.

"Between 1999 and 2002, Sony, Fuji and Maxell managed to raise or otherwise control prices through a series of regular meetings and other illicit contacts," the EC said in a statement.

Sony's fine has been increased by 30% for obstructing the Commission's investigation during on-site inspections at its premises. Fuji's and Maxell's fines are reduced by 40% and 20% respectively because they co-operated with the investigation, according to the statement.

Competition Commissioner Neelie Kroes said: "This decision sends two warnings to companies engaging in cartel activities: first, the Commission can prosecute cartels effectively even without prompts from immunity applicants, and second, obstructing a Commission's antitrust investigation leads to severe penalties."

The cartel covered the two most popular professional videotape formats at the time -- Betacam SP and Digital Betacam. Sony, Fuji and Maxell have a combined share of more than 85% of the professional video tape market.

The Commission started an investigation with raids on EU subsidiaries of Sony, Fuji and Maxell in May 2002.


Previous
Next
Nintendo to Offer New DS Bundles For Holiday Season        All News        Vodafone Attacks T-Mobile Over iPhone Sales
Warner to Launch Video-On-Demand Channels     Consumer Electronics News      Inter BEE 2007: Sony Unveils the 2nd Stage of its Total HD Solution

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .