Monday, April 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Micron and Microsoft To Collaborate On Internet of Things Security
The New Radeon Pro Duo Delivers The Power of Two Polaris 10 GPUs
Toshiba to Spin Off 4 Operations
Seagate And DJI Announce New Portable Drive For Storing Drone Footage
Nikon Takes Legal Actions Against ASML and Carl Zeiss Over Semiconductor Lithography Patents
LG X Power 2 Smartphone Packs A Huge Battery
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
SK Hynix Develops First 8Gb GDDR6
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 1998-2017 - All rights reserved -
Privacy policy - Contact Us .