Anti-Trust Settlement for CD Price Fixing
Anti-Trust Settlement for CD Price Fixing
October 15, 2002
To claim your money see MusicPundit: CD Antitrust Settlement
... but artists and songwriters are not being compensated in this settlement!
More news on Anti-Trust settlement for CD price fixing.
This article raises the interesting point that artists and songwriters are not being compensated in this settlement for damages they incurred because their sales were hurt by price fixing.
The headline of the story though may not be accurate. This was a settlement agreement, not really a court decision as I understand it - except I guess the court did approve the settlement.
What's worse , artists receive almost none of the revenue from CD price fixing anyway, as this chart shows: 
- by Aimee Deep at 02:00 PM with 60 comments
Comments
There seems to be something wrong with this chart. I read categories such as "Recording Studio Costs", "Design and Packaging [obviously also costs, though it doesn't explicitly say so]", and then I come to:
Wholesale Distributors and Retail Store Profits
Come again? Perhaps it's unintentional, but it sure _makes_ it sound as if the entire wholesale and retail portion is profit, whereas in reality both of these, especially retail, has fairly high costs! So if the retail sector is getting $3.00 of the price of the CD, their _profit_ is probably a mere 0.30, putting them right in the same league as the poor artist.
Posted by: Kirk Parker, on October 21, 2002 12:49 AM
How do we put in a claim for part of this settlement? I bought TONS of overpriced cds!
thanks! "girlintheband@aol.com" Lynn Crisci
Posted by: Lynn, on January 24, 2003 12:42 PM