Report: EU Investigates CD Prices In Sony BMG Merger
February 26, 2007 at 1:21 PM (PT)
A 16-page EUROPEAN UNION questionnaire sent to record companies and trade groups is asking whether the SONY BMG merger has raised CD prices, BLOOMBERG reports.
"Have the majors shown a parallel behavior, in particular in terms of prices before the merger?" asks the survey, dated FEBRUARY 1. "Did the merger have an effect on such parallelism?" The EU also asks whether the music majors are aware of other companies' CD prices and if there were "common rules" under which price moves by major record companies "can be expected and forecasted by industry insiders."