US District Judge Dismisses Record Label Price Fixing Charges
US District Judge Loretta A. Preska for the Southern District of New York has dismissed charges brought by a consumer group that alleged major labels conspired on digital music pricing levels. The recently unsealed decision revealed that Preska strongly dismissed the allegations that Sony Music Entertainment, Universal Music Group, EMI Music, and Warner Music Group used joint ventures and third-party agreements to fix prices on...
Sony BMG Loses $57 Million During Second Quarter 2008
Sony BMG has recorded losses of $57 million during the recent, fiscal second quarter. The figure shows a major decline from the same period last year, which logged in at $8 million. Revenues at the label group dropped 11% to $762 million for the period ending September 30th. The free fall was blamed on “the continued decline in the worldwide physical music market,” which is “not being offset by growth in digital...
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