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Posted by FunkyDevil on 09/27/05 10:31
FunkyDevil wrote:
> I almost forgot to mention that what the RIAA and it's member partners
> are doing by trying to increase prices is called "illegal price fixing"
> and it's something they have already been prosecuted through the court
> system for.
>
> Of course they don't care...
WARNER MUSIC CEO Edgar Bronfman ADMITS To ILLEGAL Price Fixing Scheme
http://theinquirer.net/?article=26472
http://www.redherring.com/Article.aspx?a=13702&hed=Bronfman%20Fires%20Back%20at%20Apple
Speaking at the Goldman Sachs Communacopia conference, Bronfman said
that not all songs and not all time periods were created equal. The
music industry wanted and will insist on having, variable pricing, he
proclaimed.
"To have only one price point is not fair to our artists, and I dare
say not appropriate to consumers. The market should decide, not a
single retailer," said Mr. Bronfman. "Some songs should be $0.99
and some songs should be more.
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If he feels so strongly about it then why don't they just raise their
wholesale prices towards Itunes , or drop selling songs through Itunes
altogether ?
Products have a wholesale price , the retailer buys them at that price
then resales it with a markup for profit.
So if they want more money then their only option legally is to raise
their wholesale prices. Then Itunes would buy it for more and resale it
for more or not buy it at all.
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What is price fixing ?
http://www.investordictionary.com/definition/price+fixing.aspx
________________________________________________________________
Lest We Forget :
Music companies settle in price-fixing case
http://www.cdfreaks.com/news/4832
RIAA price fixing settlement delivers 'dud' CDs
http://www.cdfreaks.com/news/10190
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