Spitzer has subpoenaed at least three of the four global music companies as part of an investigation into collusion on pricing of digitally downloaded music.
Spitzer sure knows how to make a name for himself. It's interesting to see him go after such a young industry. And this one seems deserved. Music companies have been making much too much press noise about raising download prices when the consumers and music service companies clearly do not want it.
And the 4 major music labels have the power between them to fix prices. This power has to be wielded carefully as Spitzer may prove. If Spitzer makes progress the largest beneficiary may even be Apple. Jobs has been shouting for the last few months about keeping legal downloads to 99c per tune. I have to agree with him. And the price clearly works for the consumer. It's sensible value and simple to understand.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment