Elderly Women Sue Music Industry over Price-Fixing
Several <A HREF="http://www.stereophile.com/news/10750/">class-action lawsuits</A> have been thrown against the music industry in the wake of its admission that it engaged in a price-fixing scheme known as Minimum Advertised Pricing, or MAP. The policy arose as a response to widespread CD price wars in the early 1990s that drove prices of some CDs below $10 each, and was intended to prevent mass-market merchandisers from offering CDs below cost as lures to pull customers into stores. The MAP policy was officially discontinued after the Federal Trade Commission <A HREF="http://www.stereophile.com/news/10744/">reached a settlement</A> with the industry in May of this year.