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Millions Owed To CD Buyers

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Millions Owed To CD Buyers

Old 06-17-03, 09:42 AM
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Millions Owed To CD Buyers

http://www.cnn.com/2003/TECH/ptech/0....ap/index.html


Judge: Millions of CD buyers owed money
Tuesday, June 17, 2003 Posted: 4:07 AM EDT (0807 GMT)


PORTLAND, Maine (AP) -- A judge has approved a settlement agreement in a music antitrust lawsuit that will result in more than 3.5 million consumers receiving nearly $13 each.

Judge D. Brock Hornby issued a 51-page ruling Friday in the case that began in 1996 when attorneys general across the country began investigating whether distributors and retailers had conspired to inflate CD prices.

"This settlement will put cash in the hands of millions of consumers and music CDs in libraries and schools throughout the country, and will ensure that the challenged distributor/retailer practices will not resume," Hornby wrote.

Details still to be decided
The ruling, however, does not stipulate exactly how much consumers will receive or when the checks will be distributed. More than 3.5 million consumers filed claims, now estimated at $12.63 each.

Hornby asked lawyers to present him with a report by the end of the month on how much it will cost to distribute the checks and how much each check will be.

He also deferred ruling on a plan on how millions of CDs will be distributed to the schools and libraries.

The lawsuit, signed by the attorneys general of 43 states and territories and consolidated in Portland in October 2000, accused major record labels and large music retailers facing competition from discounters like Target and Wal-Mart of conspiring to set minimum music prices.

The defendants -- Sony Music Entertainment, EMI Music Distribution, Warner-Elektra-Atlantic Corp., Universal Music Group and Bertelsmann Music Group, and retailers Tower Records, Musicland Stores and Transworld Entertainment -- deny any wrongdoing. Attorneys representing the companies declined to testify in court.

Old settlement disapproved
Of the total settlement, $75.7 million would be distributed in the form of 5.6 million music CDs sent to libraries and schools throughout the nation.

The proposed cash settlement in the case totals $67.3 million, with roughly $44 million to be distributed to the public. The remaining cash will go toward distribution costs and legal fees.

Hornby disapproved a settlement agreement regarding music club sales that would have been just over $1 million in cash and provided 50 percent discounts for club members on one to three new CDs.

Hornby wrote that virtually all the cash would go to attorney fees, leaving little value to club members. He added that music club defendants have not proven that they were part of any pricing conspiracy.



--------------------------------------------------------------------------------

Copyright 2003 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Old 06-17-03, 09:50 AM
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So I am getting $12.36 back? Hmm, I could buy a CD with that....
Old 06-17-03, 10:52 AM
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Originally posted by Brain Stew
So I am getting $12.36 back? Hmm, I could buy a CD with that....
A used CD.
Old 06-17-03, 10:56 AM
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Nah, Best Buy has 100's of CD's you can buy for less than $12.63, including almost all new releases.
Old 06-17-03, 11:30 AM
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How many blank CD-R's can I buy with $12?
Old 06-18-03, 02:50 AM
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Originally posted by Flashback
How many blank CD-R's can I buy with $12?
That is just what I was thinking

--Rob
Old 06-18-03, 03:17 AM
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Originally posted by Flashback
How many blank CD-R's can I buy with $12?
Damn... beat me to it!



-k
###
Old 06-18-03, 06:57 AM
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Best Buy sold their interest in Musicland none too soon then. The music industry deserves this.
Old 06-18-03, 07:12 AM
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Originally posted by Flashback
How many blank CD-R's can I buy with $12?

At least 100 after rebate (Best Buy has an Imation spindle of 100 for 25 bucks, with a 16 dollar rebate )
Old 06-18-03, 08:19 AM
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Sorry, I was thinking, screw them they aren't getting their money back. I'm buying a dvd(or getting a significant discount on one).
Old 06-18-03, 08:28 AM
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Originally posted by Michael Corvin
Sorry, I was thinking, screw them they aren't getting their money back. I'm buying a dvd(or getting a significant discount on one).
My thoughts exactly.
Old 02-21-04, 09:54 AM
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Music settlement checks are in the mail


Associated Press
February 21, 2004


LOS ANGELES -- Millions of U.S. music fans soon will begin receiving refund checks as part of a $144 million settlement of a price-fixing lawsuit against five distributors and three retailers.

Checks for $13.86 each were mailed Friday to about 3.5 million consumers who bought compact discs, vinyl records or cassettes from 1995 to 2000 and filed refund claims by last March.

Attorneys general for 43 states and territories filed the antitrust lawsuit in 2000, alleging the companies illegally conspired to raise the prices of their products by imposing minimum pricing policies. All the companies denied any wrongdoing.

"The refunds provide a measure of much-deserved justice to consumers in California and across the nation who were gouged because of the defendants' deals to stifle competition and artificially inflate music CD prices," said California Attorney General Bill Lockyer.

About $47.4 million was being paid in consumer refunds. The companies also were giving 5.6 million music CDs, worth about $77 million, to libraries and schools across the country. About $20 million of the final settlement was used to pay for attorneys' fees and other administrative costs, said Tom Dressler, Lockyer's spokesman.

A federal judge in Portland, Maine, approved the settlement in December. Defendants included Sony Music Entertainment, EMI Music Distribution, Warner-Elektra-Atlantic Corp., Universal Music Group and Bertelsmann Music Group, as well as retailers Tower Records, Musicland Stores and Transworld Entertainment.

Indiana is among the states that are parties to the settlement.
i think i signed up but have since not heard a thing about the lawsuit. perhaps i'll get my $13.86, but i'm not holding my breath!
Old 02-21-04, 10:14 AM
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Got mine in the mail today!
Old 02-21-04, 05:30 PM
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same, i however signed up for this last year.
Old 02-22-04, 01:12 AM
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Didn't Tower just file Chapter 11?
Old 02-22-04, 05:56 PM
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Originally posted by POWERBOMB
Didn't Tower just file Chapter 11?
They're rumored to be on the verge
Old 02-22-04, 09:52 PM
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Originally posted by Michael Corvin
Sorry, I was thinking, screw them they aren't getting their money back. I'm buying a dvd(or getting a significant discount on one).
No kidding. That is what they want you to do. Take your $13 and go buy a new cd so they get their money back. F that. I'm buying a dvd as well.

The defendants -- Sony Music Entertainment, EMI ... deny any wrongdoing.
Riiiight... $18.99 is reasonable for a cd that costs about a nickel to make. And more than likely only contained 2 good songs out of 10.
Old 02-22-04, 10:13 PM
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buying a dvd

If you go out and buy a dvd you are just giving your money back to these companies in a different way. All the music companies also own the movie companies. Buy a book.
Old 02-23-04, 12:24 PM
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"Buy a book."

Or better yet, buy it USED!!
Old 02-23-04, 07:20 PM
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I got my check back today!! A wopping $13.86!! It came with a form letter from my states (Virginia) Attorney General, Jerry W. Kilgore. How nice.

I wonder how big the lawyers (who filed this class action suit) check is? I bet it's a lot more than $13.86, that's for sure. Oh well, I'll happily take mine, and go get some more CD-R's.
Old 02-23-04, 08:28 PM
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Hmm... let's call it even OK?
Old 02-23-04, 09:40 PM
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got mine as well, i'd have prefered industry reform and less cost for music but i guess that'll have to wait...
Old 02-23-04, 10:17 PM
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I think I supposed to be getting one of these things, but I'm not holding my breath out for this. Columbia House and the BMG Music Club both had given me vouchers for a free CD some time ago.
Old 02-24-04, 01:13 AM
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Re: Millions Owed To CD Buyers

Originally posted by borisdisco
A judge has approved a settlement agreement in a music antitrust lawsuit that will result in more than 3.5 million consumers receiving nearly $13 each.
Well, considering that I've downloaded (or copied from a friend's CD) about 3-4 thousand songs, I'm willing to call everything square. They can keep their 13 bucks.
Old 02-24-04, 07:17 AM
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hehe I'm in jersey and just got my $13.86 check today also....so many possibilities of what I can do with it..oh joy!

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