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RIAA Sued for Price Fixing - 6 Years Later

By DrewWilson

It has been a little over 6 years since the Recording Industry Association of America settled a case where they were accused for price fixing. The 2002 case probably felt like a victory for consumers, but six years later, the problem of seemingly unfair pricing schemes still seems to exist today Six years is an eternity and a half in internet terms. Even in business, six years is a long time to look back. Still, it doesn't take much away from the significance of the RIAA being sued for the price fixing of their music albums. History of the Case in a Nutshell Back then, the RIAA was considered "The Big Five" Today, they are more like the "Big Four" with a possibility of being considered the "Big Three" if Sony and BMG ever become more than a joint venture or if EMI convinces regulators that selling the company to one of the remaining won't harm competition in the market place (for some, a concept difficult to explain with a straight face) The case put into question a system known as MAP or Minimum Advertised Pricing.

Full post as published by ZeroPaid on November 01, 2008 (boomark / email).