Feds Probe Record Companies Over Online Music Prices
Published March 5th, 2006
The Department of Justice has opened an antitrust probe into possible collusion by the major music companies in setting prices for downloads on popular digital services such as Apple’s iTunes.
Sources said all four major music companies — Sony BMG, Warner Music, EMI and Universal Music — have, or will soon, receive subpoenas by the DOJ in the probe.
The subpoenas signal widening interest among government authorities in the issue of whether the major music companies colluded in setting the wholesale prices for digital-music downloads. The DOJ probe follows on the heels of a similar investigation by New York Attorney General Eliot Spitzer.
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