Tuesday, March 09, 2004
Saturday, 28 February 2004
This week our CD MAP Settlement checks came. (This was the penalty against record companies for collaborating to keep CD prices artificially high.) $13.86 each, woo.
They must have come up with enough signups to use up the money without giving everyone $20.
The companies, who are settling by paying out $67,375,000 in cash and $75,700,000 in free discs (who's getting those? the language is both pretty and vague), maintain that they did not engage in the alleged price-fixing behavior... but are willing to settle out of court for over a hundred million dollars.
You know, just like any innocent companies with access to top-notch lawyers would.