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Originally posted by punx1325
I think we should sue the RIAA for price goudging, thats what I will do it they sue me. Until then they can go FUCK THEMSELVES!!!
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While most people will find it obvious that the recording industry has been tampering with the price of CD's for a long, long time, the courts now believe it as well.
New York and Florida were the first of the 43 states to eventually join in the action that will ultimately cost the big five record companies along with three retailers $143.1 million.
The action centers around the 'minimum advertised price' of a CD. Retailers agreed not to sell a CD below it's MAP and in turn the record companies would subsidize some of the retailers advertising. This went on from 1995 to 2000.
Universal Music Group, Sony Music, BMG Music Group, Warner Music Group and EMI Group PLC -- and the three retailers, Musicland Stores Corp., Trans World Entertainment Corp. and Tower Records, agreed to stop using MAP policies as part of the settlement.
The ultimate cost of the action will be $67.4 million to the 43 states as a cash payout and $75.7 million to all 50 states in free merchandise to public entities and non-profit groups.
The record companies nor retailers will admit to any wrongdoing.
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Of course, none of it has been paid out yet.
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Get off your fuckin cross. We need the fuckin space to nail the next fool martyr.
Last edited by tinfoil; 09-06-2003 at 04:55 PM..
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