Skip to main content

NY Spitzer Subpoenas Music Companies

According to an Associated Press story, New York State investigators have subpoenaed several major music companies as part of a preliminary inquiry into whether the digital music services have engaged in any illegal price-fixing activity.

Darren Dopp, a spokesman for state Attorney General Eliot Spitzer, said the office was seeking information on wholesale prices the music labels charge for digital music files that can be downloaded. Dopp said Tuesday that it would take months for the office to launch a full investigation, if one is warranted.

Warner Music Group Corp. said in a regulatory filing Friday that the subpoena it received is part of an industrywide investigation. "As disclosed in our public filings, we are cooperating fully with the inquiry," Amanda Collins, a spokeswoman for Warner Music Group, said in a statement. The Wall Street Journal reported earlier that Sony BMG Music Entertainment and Vivendi Universal SA's Universal Music Group had also received subpoenas.

Popular posts from this blog

$4 Trillion Digital Transformation Upswing

As a C-suite leader, you're constantly bombarded with investment opportunities. In today's large enterprise arena, few initiatives hold the same potential as Digital Transformation (DX). Yet, securing ongoing buy-in from the board and other key stakeholders hinges on a clear understanding of market momentum and the return on investment that DX promises.  A recent IDC worldwide market study sheds valuable light on this critical topic. Let's delve into some key takeaways and explore what they mean for your organization's tech strategy. Digital Transformation Market Development The IDC study describes a market surging toward investment adoption maturity. Worldwide spending on DX technologies is forecast to reach $4 trillion by 2027, reflecting a compound annual growth rate (CAGR) of 16.2 percent. This exponential growth signifies an opportunity for industry leaders to leverage digital business tools and strategies to gain a competitive edge, with Artificial Intelligence (A