Price fixing rumors squashed: On Tuesday, December 23, the US Department of Justice officially ended a two-year investigation of price fixing by major record labels, with a report that it had found no evidence to support any of the allegations. The investigation began in summer 2001 and concentrated primarily on online music service MusicNet, a joint venture by Warner Music Group, EMI Group, BMG Entertainment, and RealNetworks; and Pressplay, a joint venture by Sony Music Entertainment and Universal Music Group. The majors had been accused of conspiring to keep startups out of the online music distribution business.
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