Submitted by: Purulent
Could it be, will this law suit mean prices will drop? According to this aticle a previous settlement should have lowered the prices and they are still the same, they are already at ‘Rock bottom’ so a spokesman of Tower records said. Yeah right!
If prices drop, less people will copy cd’s…? Maybe we will find out soon enough.
NEW YORK (AP) – Record companies should pay back millions of dollars in illegal profits they collected by forcing discount stores to raise CD prices in 1995, attorneys general for 28 states alleged in a lawsuit Tuesday.
They said the record companies in February 1995 conspired to force several large discount retailers to raise prices after the retailers bought CDs in such large volume that they could undercut the prevailing high retail prices.