p2pnet - rss feed: Sony: fined for priced fixing
p2pnet news | Crime:- Sony, assailed on all fronts by poor product sales, accusations of bribery, dangerous laptop batteries and the rootkit spyware scandal, among other things, has been fined in another embroglio —- price-fixing.
Again.
Sony and Warner Music, EMI, Vivendi Universal and BMG, the other members of the organised music cartel, have already been named and nailed for price-fixing.
And in March, came the news that European Union regulators were charging several companies, among them Sony Corp, with running a cartel to fix the price of professional video tape used for television,”
Now the European Commission has imposed fines totaling €75 million ($110 million) on Sony Corp, Fujifilm Holdings Corp and Hitachi Maxell Ltd for fixing prices in the European professional-videotape market, says the Wall Street Journal.
“The companies were caught raising and controlling prices from 1999 to 2002 through regular meetings, according to the commission, the European Union’s executive arm,” says the story, adding:
“Sony faces the biggest fine, €47.1 million, for allegedly obstructing the investigation.”
Sony is, of course, a member of the movie and music cartels which are suing their own customers, accusing them of being file sharing criminals and thieves.
At the same time, it makes and markets a number of items used by so-called ‘pirates’ to ‘devastate’ the major music and movie companies.
But it’s only bidnes.
Also See:
poor product sales - Sony slashes PS3 dev kit price, November 20, 2007
bribery - 9 radio stations in bribery probe, February 9, 2006
laptop batteries - More Sony batteries recalled, September 29, 2006
rootkit spyware - Spitzer goes after Sony BMGNovember 29, 2005
named and nailed - Big Music price fixing saga, June 27, 2004
professional video tape - Sony ‘price fixing’ charge, November 15, 2005
Wall Street Journal - EU Fines Japanese Firms For Videotape Price Fixing, November 20, 2007
Use free p2pnet newsfeeds for your site. It’s really easy!
Subscribe to p2pnet.net | | rss feed: http://p2pnet.net/p2p.rss | | Mobile - http://p2pnet.net/index-wml.php
Net access blocked by government restrictions? Use Psiphon from the Citizen Lab at the University of Toronto. Go here for the download, and here for details. Click here or here to learn how to by-pass censorship in your area.
