EU Commissioners Investigating CD Price-Fixing
Price-fixing by major record labels isn't confined to the United States. The music industry's "Big Five" (Universal Music, Sony Music Entertainment, Warner Music Group, EMI Group PLC, and the Bertelsmann Music Group) are now under the scrutiny of European Union antitrust investigators, who are looking into the possibility that the companies may have colluded to keep CD prices artificially high in Europe. The Federal Trade Commission (FTC) and music industry agreed to settlehttp://www.stereophile.com/news/10744/">settle; the American version of the issue in May 2000.