Subscribe[The Attorneys General] said the record companies in February 1995 conspired to force several large discount retailers to raise prices after the retailers bought CDs in such large volume that they could undercut the prevailing high retail prices.
“The purpose of the illegal agreements was to raise prices and reduce retail price competition which threatened the high and stable profit margins for CDs enjoyed by both the defendant labels and distributors and many music retailers,” the lawsuit said.
The deals initially drew vigorous protests from discount retailers but the chains eventually gave up because the financial penalty for not participating in the scheme was too costly, the lawsuit said.
As a result, CD prices stabilized and then rose, the lawsuit said.
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However, with respect to the post, it's a step. But, they need to let us download 192 bit MP3s without any cripple-ware anti-consumer crap tacked to top of it for about $.50/track. If you figure a typical disc has around 10-15 songs, then that's about $5 to 7.50 which is just about right when you take the physical media out of it and add in the cost of the pipes.
If they do that, I'll start buying music again.
posted by willnot at 11:26 AM on June 12, 2002