Skip to main content

Bertelsmann Music Group Inc., EMI Music Distribution, Warner-Elektra-Atlantic Corporation, Sony Music Entertainment Inc., Universal Music Group, and retailers Trans World Entertainment Corporation, Tower Records, and Musicland Stores Corp jointly paid 143 million (67.4 million cash and 75.5 million in CDs) to settle multistate antitrust allegations that they engaged in illegal agreements to establish artificially high minimum prices for prerecorded music in a move to stop discount stores from offering the products at lower prices. According to the final court order each company's share of the total settlement was as follows: Bertelsmann (27.775 million), EMI (15 million), Warner-Elektra-Atlantic (29.4 million), Sony (27.225 million), Universal (40.6 million), Trans World (800,000), Tower Records (275,000) and Musicland (2 million). The settlement was originally announced in September 2002; see https://ag.ny.gov/press-release/new-york-settles-price-fixing-case-against-major-distributors-compact-discs

Punked collection image

Factual records proving just how much corporations suck. Real crypto art, For real crypto people. Using the blockchain to permanently record corporate lawlessness and misconduct.

Visit https://punked.lol/mint to mint.

Created by OG Crypto Artist Brandon Walsh. Also the creator of The Banksters (https://Banksters.art)

Category PFPs
Contract Address0xbe10...6523
Token ID6427
Token StandardERC-721
ChainEthereum
Last Updated2 years ago
Creator Earnings
7.5%

6427

#
1,320
  • Price
    USD Price
    Quantity
    Expiration
    From
  • Price
    USD Price
    Quantity
    Floor Difference
    Expiration
    From
keyboard_arrow_down
Event
Price
From
To
Date

6427

#
1,320
  • Price
    USD Price
    Quantity
    Expiration
    From
  • Price
    USD Price
    Quantity
    Floor Difference
    Expiration
    From

Bertelsmann Music Group Inc., EMI Music Distribution, Warner-Elektra-Atlantic Corporation, Sony Music Entertainment Inc., Universal Music Group, and retailers Trans World Entertainment Corporation, Tower Records, and Musicland Stores Corp jointly paid 143 million (67.4 million cash and 75.5 million in CDs) to settle multistate antitrust allegations that they engaged in illegal agreements to establish artificially high minimum prices for prerecorded music in a move to stop discount stores from offering the products at lower prices. According to the final court order each company's share of the total settlement was as follows: Bertelsmann (27.775 million), EMI (15 million), Warner-Elektra-Atlantic (29.4 million), Sony (27.225 million), Universal (40.6 million), Trans World (800,000), Tower Records (275,000) and Musicland (2 million). The settlement was originally announced in September 2002; see https://ag.ny.gov/press-release/new-york-settles-price-fixing-case-against-major-distributors-compact-discs

Punked collection image

Factual records proving just how much corporations suck. Real crypto art, For real crypto people. Using the blockchain to permanently record corporate lawlessness and misconduct.

Visit https://punked.lol/mint to mint.

Created by OG Crypto Artist Brandon Walsh. Also the creator of The Banksters (https://Banksters.art)

Category PFPs
Contract Address0xbe10...6523
Token ID6427
Token StandardERC-721
ChainEthereum
Last Updated2 years ago
Creator Earnings
7.5%
keyboard_arrow_down
Event
Price
From
To
Date