MAP Settlement Announced

Written by Eric Olsen
Published March 14, 2003

Remember the MAP case against the major labels and distributors? Any consumer who had purchased CD's during the affected time period were eligible for a piece of the settlement pie.

Time's up:

    Music buyers who applied for a share of a price-fixing settlement involving major U.S. record distributors and retailers will receive about $12.60 apiece if a judge signs off on the deal.

    Roughly 3.5 million U.S. residents who purchased music between 1995 and 2000 registered for claims by last Wednesday's deadline, said Maine Assistant Attorney General John Brautigam.

    The deadline was pushed back two days because a last-minute barrage of online applications caused the settlement's Web site to crash. More than 95 percent of claims were filed online.

    Claimants will split $44 million allocated for individual claims if the class-action settlement is approved by U.S. District Judge D. Brock Hornby on May 2.

    ....Beyond the $44 million in cash, the deal's terms would provide 5.5 million CDs valued at $75.7 million to public institutions and nonprofit organizations. It also would prohibit major music distributors from tying cooperative advertising efforts to retailers' advertised prices.

    The settlement money has been collected from the defendants and is in escrow, Brautigam said. Payments should be mailed out within weeks of the settlement's approval. [AP]

Career media professional Eric Olsen is honored to be the founder and publisher of Blogcritics.org, which, quite frankly, rules - as do his wife and four children.
Keep reading for information and comments on this article, and add some feedback of your own!
Buy from Amazon.com
Antitrust Law, Second Edition Antitrust Law, Second Edition
Richard A. Posner
Book,
Antitrust Paradox Antitrust Paradox
Robert H. Bork
Book,

MAP Settlement Announced
Published: March 14, 2003
Type:
Section: Music
Writer: Eric Olsen
Eric Olsen's BC Writer page
Eric Olsen's personal site
Spread the Word
Like this article?
Email this
Submit to del.icio.us Save to del.icio.us
RSS Feeds
All RSS Feeds (240+)
Comments on this article
BC articles by Eric Olsen
All Music Articles
Eric Olsen's personal weblog
All BC articles
All BC Comments

Comments

#1 — March 14, 2003 @ 13:47PM — The Theory

well, cool. I'll be looking for a check in the mail.

peace.

Want comments emailed to you? No spam, promise! Address:

Add your comment, speak your mind

(Or ping: http://blogcritics.org/mt/tb/3801)

Personal attacks are not allowed. Please read our comment policy.





Remember Name/URL?

Please preview your comment!

Fresh
Articles
Fresh
Comments