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TOO MUCH FOR MOZART.

At least 30 states have filed suit against the world's five biggest music labels, as well as several retail chains, accusing them of keeping CD prices artificially high over the past five years. Even though the cost of producing a compact disc declined sharply in the last 10 years, the average price rose from $10 to $15. The suit alleges that the major companies increased CD prices in violation of state and federal antirust laws, kept prices artificially high and penalized retailers who did not participate. If successful, the suit could result in a settlement that would roll back prices for a certain amount of time or require record merchandisers to donate recordings to libraries and schools.
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Publication:State Legislatures
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 1, 2000
Words:117
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