Violation Tracker Individual Record

Company: 
Sony Music Entertainment Inc.
Current Parent Company: 
Sony
Penalty: 
$27,225,000
Year: 
2003
Date: 
July 9, 2003
Offense Group: 
competition-related offenses
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

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-again...

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Court: 
District of Maine
Civil or Criminal Case: 
civil
Case ID: 
2:01-cv-0084
Case Name: 
In re Compact Disc Minimum Advertised Price Antitrust Litigation
HQ Country of Parent: 
Japan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
electrical and electronic equipment
Specific Industry of Parent: 
consumer electronics
Link to PACER Case Docket (must be logged in): 
Link to Archived Court Document: 
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.