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Thursday, July 1, 2004

restraining the global music economy

this was reported back in january by the bbc.

there was this little legal battle betwen the british phonographic industry (bpi) and cd-wow, and just a couple weeks before going to court, they reached a settlement. this was back in january. from the press release on the settlement:

The record industry claimed that CD WOW! was obtaining sound recordings from outside Europe and selling them to UK and Irish consumers. As a result of the settlement CD WOW! has agreed that it will not sell CDs that have been first placed on the market outside Europe to UK and Irish customers. It will only sell CDs that have first been placed on the European market to UK and Irish customers. All other details of the settlement are confidential.

i mention this, so many months later because i want to have something to point to when i next go on a rant about the music market, i want to have something to point to here to demonstrate just how far the music industry is willing to go to maintain prices in spite of their future.

posted by roj at 11:50 am