5/6/2006

Warner Music faces 14 lawsuits over download fees

Filed under: — By Aviran Mordo @ 2:02 pm

Warner Music Group reported on Friday soaring digital music sales, even as the company continues to lose money and faces numerous lawsuits related to alleged price fixing of music downloads.

In documents filed with the Securities and Exchange Commission, Warner Music said the company has been named in 14 class-action lawsuits, most of which allege a “conspiracy among record companies to fix prices for downloads.”

“The company intends to defend against these lawsuits vigorously,” Warner Music said in its quarterly statement filed Friday.

Source: News.com

 

Leave a Reply

You must have Javascript enabled in order to submit comments.

All fields are optional (except comment).
Some comments may be held for moderation (depends on spam filter) and not show up immediately.
Links will automatically get rel="nofollow" attribute to deter spammers.

Powered by WordPress