record industry antitrust:
The Tennessee Attorney General’s office has successfully prosecuted several big names in the music industry, on charges of price-fixing. The responsible parties will be forced to pay approximately $143 million dollars in cash, and music CDs. Although this is a victory for the consumer, $143 million dollars is a drop in the ocean for companies like EMI, BMG, and SONY. Yes, they have been convicted of price-fixing, no this will not reduce the prices of their CDs. In fact, the consumer will be fortunate if the corporate bosses decide not to pass the court costs on to buyers by raising that price of CDs.
