Vivendi and Warner Guilty of Price Fixing
The FTC (Federal Trade Commission) today unanimously upheld charges that Vivendi Universal subsidiaries violated antitrust laws by illegally agreeing with Warner Communications Inc to, "restrict competition for audio and video products featuring 'The Three Tenors' - Jose Carreras, Placido Domingo, and Luciano Pavarotti".
Chairman Timothy J. Muris said the FTC ruled 5-0 that, "PolyGram Holding, Inc. (a predecessor to Vivendi) improperly agreed with Warner to curb discounting and advertising to boost sales of recordings that the two companies jointly had distributed based on the tenors' concert in Paris during the 1998 soccer World Cup. The Commission's order bars PolyGram from agreeing with competitors to fix the prices or restrict the advertising of products they have produced independently."
Muris emphasized, "[n]o analytical exercise is more important to U.S. competition policy than defining the bounds of acceptable cooperation between direct rivals."
» Executive Wach: Villanova University School of Law, Mozart's Estates Theatre, Universal Music Publishing Group, Music Group, HighVolMusic, New West Records
» PRS Guitars Amps Up 30 Years Of Manufacturing
» World's Most Influential Electronic Music Figureheads Head To Asia
» Executive Wach: Tracktion Software Corporation, Liberace Foundation, McNally Smith College of Music, SPIN, WSOU, Guitar Center
» Aloft Hotels Launches Global Search for Emerging Music Talent
News Beat Directory
» [2014-12-20] Is Nashville's New "It" City Status Threatening Its Musical Roots?; In Nashville's Progress V. Preservation Debate, The Home Turf For Blues 'n' Roots Master Stacy Mitchhart Is At The Epicenter Of The Battle
» [2014-12-19] The Connect Sessions: An Extravaganza Presented By SPIN And Powered By Microsoft; The Connect Sessions: An Extravaganza Presented By SPIN And Powered By Microsoft
» [2014-11-20] BMG Signs Worldwide Rights Management Deal With Chinese Music Company Giant Jump; BMG Will Exclusively Manage All Giant Jump's Recording And Music Publishing Rights, Both Domestically And Internationally
» [2014-11-20] CMA Gives Snapshot Into Music Discovery Behavior; While AM/FM Radio Ranked No. 1 As A Music Source, Streaming Apps And TV Drove Higher Levels Of New Artist Discovery Compared To Radio
» [2014-11-13] How To Manage Your Talent: FIVE Realistic Tips For Success; Talent Agent, Motivational Speaker And Author Of Come Fly With Me... Michael Bublé's Rise To Stardom (A Memoir)
» [2014-11-13] Executive Wach: Villanova University School Of Law, Mozart's Estates Theatre, Universal Music Publishing Group, Music Group, HighVolMusic, New West Records; Villanova University Law Professor; Stage Director Of Don Giovanni Production; UMPG Special Advisor; Music Group Snr Manager, Professional Division For Asia Pacific; HighVolMusic Talent Relations VP; New West Records President
» [2014-11-13] PRS Guitars Amps Up 30 Years Of Manufacturing; The PRS US-made 30th Anniversary Core Model Is A Prime Example Of How Paul And The Craftsmen At PRS Keep Focused On Providing The Best Possible Instruments
» [2014-11-09] Spotify Overtakes ITunes In Europe For Kobalt; Spotify Revenues Surpass ITunes Revenues In Europe By 13% For Kobalt Clients
» [2014-11-06] Incisors Break Through The Dawn With Their Debut Album On Nov. 28; Incisors Break Through The Dawn With Their Debut Album On Nov. 28
» [2014-11-04] The First Chinese Rock Exhibition Launched In Beijing; "Serve The Rock" Exhibition Showcases Rare Collections And Documents From Major Historical Events In The Development Of Chinese Rock
» [2014-11-02] CIAM Congress Meets In Nashville To Discuss Music Copyright In The Digital Age; Fair Trade Music Project Unanimously Adopted To Promote Fair Trade Remuneration For Creators
» [2014-11-01] The Modern Musical Magi Of Beijing; Djang San Will Be Performing At Yugong Yishan On November 26 As Part Of The Dong Dong Music Festival And Convention
follow MusicDish on