INTERACT FORUM

Please login or register.

Login with username, password and session length
Advanced search  
Pages: [1]   Go Down

Author Topic: OT - CD Price-Fixing Settlement  (Read 926 times)

Harry_The_Hipster

  • Guest
OT - CD Price-Fixing Settlement
« on: February 05, 2003, 06:50:41 am »

Persons who purchased CDs from a retail outlet subsequent to January 1, 1995 and before December 20, 2000 are entitled to share in a  settlement pool established by the major companies as a result of price-fixing charges by the US (What a shock!).

Entitlement may range from $5 to $20 a person, depending on the number of applicants to the pool. Proof of purchase is not required, and online claim registration is available at http://www.musiccdsettlement.com/english/default.htm

The filing deadline is March 3. In addition to the settlement fund, the miscreants have committed about $73 MM in free CDs to schools, libraries, etc. One can only speculate what they're using as a per-CD price in order to determine how many (or how few) they have to give away.

HTH

Listening to: 'I Can't Get Started' from 'Andre Previn Plays Songs By Vernon Duke' by 'Andre Previn' on Media Center 9.0
Logged

zevele10

  • Guest
Re: OT - CD Price-Fixing Serttlement
« Reply #1 on: February 05, 2003, 06:54:42 am »

Sorry ,i do not understand exatly what it is all about
Logged

JimH

  • Administrator
  • Citizen of the Universe
  • *****
  • Posts: 72380
  • Where did I put my teeth?
Re: OT - CD Price-Fixing Serttlement
« Reply #2 on: February 05, 2003, 07:15:49 am »

I don't know why this came to mind....

For twenty years Mr. Sokoloff had been eating at the same restaurant on Second Avenue. On this night, as on every other, Mr. Sokoloff ordered chicken soup. The waiter set it down and started off. Mr. Sokoloff called, "Waiter!"

"Yeah?"

"Please taste this soup."

The waiter said, "Hanh? Twenty years you've been eating the chicken soup here, no? Have you ever had a bad plate --"

"Waiter," said Sokoloff firmly, "taste the soup."

"Solokoff, wha's the matter with you?"

"Taste the soup!"

"All right, all right," grimaced the waiter. "I'll taste -- where's the spoon?"

"Aha!" cried Solokoff.

-- from The Joys of Yiddish
Logged

Harry_The_Hipster

  • Guest
Re: OT - CD Price-Fixing Settlement
« Reply #3 on: February 05, 2003, 08:38:14 am »

Z:

The US government sued the record companies for price-fixing. They claimed that the major companies refused to make their products available to retailers unless the retailers agreed not to discount below a certain level. That violates US anti-trust laws.

The record companies settled the claim by creating a pool of money to reimburse US CD purchasers, and agreeing to give some of their CDs to schools and libraries. As part of the settlement, a website was set up to make it easier for CD purchasers to submit claims to the pool.

If too many people make claims, that might drive the per-person settlement below $5. In that case, rather than waste a lot of time and money sending out very small settlement checks, the settlement pool would be contributed to a charity, educational institution or governmental agency 'for music purposes', whatever that means.

Comprenez-vous cela?

HTH
Logged

zevele10

  • Guest
Re: OT - CD Price-Fixing Serttlement
« Reply #4 on: February 05, 2003, 09:45:54 am »

Oui je comprend! Merci

I heard about this problem ,but did not get it when reading your post and the link.

Look good ,not because of the money but because for once ,the US government makes the law ,not the corporates- selling records or other things-

TODA
Logged
Pages: [1]   Go Up