Web Music Services Face Antitrust Investigation
The U.S. Justice Department has launched an antitrust investigation into two online music services, both scheduled to launch this fall, that are backed by the world’s largest record companies. According to two senior executives in the record industry, federal investigators notified the record labels that they intend to examine possible anti-competitive aspects of the digital music ventures created by the music industry’s big five: Universal Music Group, Sony Music Entertainment, Warner Music, EMI Group and BMG. The Justice Department does not comment on ongoing investigations. The two online services under investigation, MusicNet and pressplay, are the record industry’s best effort… Read more »
