Thursday, May 24, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Admits Alexa Eavesdropped and Shared Conversation
Twitter and Facebook Reveal Measures to Bring Transparency to Political Ads
Lenovo's PC Sales Shows Signs of Life, Although Smartphones Sales Remain Low
Uber's Self-driving Recognized Pedestrian Late and Failed to Brake: NTSB
Qualcomm Snapdragon 710 Mobile Platform Brings Artificial Intelligence Features to a New Tier of Smartphones
Intel Nervana NNP-L1000 Neural Network Processor Coming in 2019
Uber Ends Arizona Self-driving Program
Apple to Offer $50 Rebates for iPhone Battery Swaps
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 > Optical Storage > EU ends...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 17, 2001
EU ends probe of CD prices in Europe :(

"...The European Commission said on Friday it was ending an investigation into whether the world's five biggest music companies were colluding with retailers over the price of compact discs (CDs) sold in the European Union. However, it said it would leave it up to national competition authorities in Germany and Italy to decide whether to start their own investigations. The European Union's competition watchdog had announced the investigation in January, naming the companies at the centre of the probe as EMI Group, Bertelsmann's BMG, Warner Music, Sony and Universal.

The investigation focussed on allegations of retail price maintenance by the big record companies through the use of contracts with retailers where cooperative advertising arrangements were linked to minimum advertised prices. The Commission said its investigation found that three of the major record companies were including minimum advertised prices in some of their cooperative advertising agreements in Germany. These companies, which it did not name, had subsequently ended these activities, it said in a statement.

The probe also uncovered a limited practice by one of the ``majors'' in Italy that could have the effect of maintaining retail prices, it said. As these possible infringements were confined to the territory of single EU member states, the Commission said it was suspending its own investigation while informing the relevant national competition authorities of the results of its inquiry.

Given the high degree of concentration in the recorded music industry, the Commission said it would continue to keep the industry under close scrutiny and could reopen its investigation if more information came to light about similar practices. The Commission noted that Britain's Office of Fair Trading had launched a separate investigation into allegations that leading record companies were restricting the import of CDs into Britain to try to keep retail prices there high.

The European Commission said it was pushing ahead with its investigation into the price of DVD (digital versatile disc) movies in Europe. European Competition Commissioner Mario Monti disclosed that investigation in June, saying that movie companies and equipment makers had worked together to introduce a worldwide regional coding system for DVDs.

At issue is whether someone who buys a DVD in one region, such as the United States, should be prohibited by mechanical differences from playing that DVD in Europe or other regions. The Commission said on Friday it was concerned that the system prevented EU consumers from benefitting from a broader choice of DVD titles and potentially cheaper prices. All aspects relating to the establishment and operation of the system were being examined, it said. After sending requests for information to all companies concerned by the system, the Commission was currently reviewing the first batch of material it had received, it added..."

Sony Electronics Has Cut 300 Jobs        All News        A TV That Does It All
Sony Electronics Has Cut 300 Jobs     Optical Storage News      A TV That Does It All

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Hisense Announces "Affordable" 80-inch Laser TV
LG Launches New Curved UltraWide Gaming Monitor With NVIDIA G-Sync And 144Hz Capabilities
Japanese TV Firms Unite Under Internet Streaming Company JOCDN
SD Association Adds Higher App Performance Class And Low Voltage Signaling
LG To Unveil New Nano LCD TVs At CES 2017
Panasonic Develops IPS Liquid Crystal Panel with Contrast Ratio Of Over 1,000,000:1
U.S. To Develop Safety Guidelines For Self-driving Cars
CDs Remain Popular In Japan
Ford Tripling Autonomous Vehicle Development Fleet
Ford And Google In Talks To Build Self-driving Cars: report
California Wants A Man Behind The Wheel Of Self-driving Cars
Memory-Tech Promises Improved Audio CD Quality With New UHQCD Technology

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .