AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

OFT makes its first moves as majors meet deadline.

Music Week

| March 03, 2001 | Williams, Paul; Balfour, David | COPYRIGHT 2001 UBM Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Office of Fair Trading took its CD investigation directly into record company offices last week ahead of the deadline for the arrival of their initial submissions.

BMG's Fulham headquarters were visited by officers from the OFT over several days last week, though at press time last Friday none of the other six companies being probed by the Government body had yet received a visit. An OFT spokesman says not every company under the spotlight will automatically be visited; visits will depend on what information is needed for the investigation.

BMG, along with EMI, Pinnacle, Sony, Universal, Virgin and Warner, were due by last Friday to submit information requested for the OFT inquiry into whether they have breached the Competition Act 1998 in the ways they have responded to imports of CDs from continental Europe. The OFT, headed by director-general John Vickers, has not ruled out widening its investigation to other companies. Though it has not offered any further explanation of the scope of its investigation, it is understood to be looking at the specific issue of parallel imports rather than CD pricing.

One major record company executive expresses his frustration at the expense and time already taken up putting together the initial submissions for ...

Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA