The Warner Music Group revealed last week that it has been subpoenaed by the office of New York Attorney General, Eliot Spitzer over the pricing of digital music downloads.
WMG spokesman, Will Tanous confirmed to Reuters on Friday that:
"As part of an industry-wide investigation concerning pricing of digital music downloads, we received a subpoena from Attorney General Spitzer's office as disclosed in our public filings. We are cooperating fully with the enquiry."
It was subsequently reported that Sony and Vivendi Universal have also been subpoenaed by the AG's office in connection with the investigation.
Although Mr Spitzer's office has not yet made clear the exact nature of the probe, observers have suggested that it is likely to examine whether Warner, Sony, EMI and Vivendi conspired to fix wholesale pricing for the downloading of music over the internet.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment