Online music price fixing investigated

— 5:07 PM on March 3, 2006

The US Department of Justice has opened an investigation regarding price fixing in the online music sales industry. Industry sources cited by CNN claim that Sony BMG has already received a subpoena, with other labels to follow "in the next few days". This comes only four years after several music companies and retailers were found guilty of fixing CD prices in the late 1990s. Earlier last year, Apple CEO Steve Jobs also called record labels "greedy" during negotiations to introduce variable pricing to the iTunes Music Store, which currently offers all songs for $0.99 a pop.

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