Breaking News

Apple unleashes M5 CPU and new devices PlayStation Plus Game Catalog for October 2025 Logitech Muse, the Digital Pencil for Apple Vision Pro, Launches October 22nd NIKON EXPANDS DX LENS LINEUP WITH TWO NEW NIKKOR LENSES MSI Unveils the AI-Ready Cubi Z AI Series Mini PC

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

EU Fines Japanese Videotape Producers For Price Fixing Cartel

EU Fines Japanese Videotape Producers For Price Fixing Cartel

Consumer Electronics Nov 20,2007 0

The European Commission hit Sony and two other Japanese producers of videotape with fines totaling nearly 75 million euros ($109.8 million) on Tuesday for fixing prices. "Between 1999 and 2002, Sony, Fuji and Maxell managed to raise or otherwise control prices through a series of regular meetings and other illicit contacts," the EC said in a statement.

Sony's fine has been increased by 30% for obstructing the Commission's investigation during on-site inspections at its premises. Fuji's and Maxell's fines are reduced by 40% and 20% respectively because they co-operated with the investigation, according to the statement.

Competition Commissioner Neelie Kroes said: "This decision sends two warnings to companies engaging in cartel activities: first, the Commission can prosecute cartels effectively even without prompts from immunity applicants, and second, obstructing a Commission's antitrust investigation leads to severe penalties."

The cartel covered the two most popular professional videotape formats at the time -- Betacam SP and Digital Betacam. Sony, Fuji and Maxell have a combined share of more than 85% of the professional video tape market.

The Commission started an investigation with raids on EU subsidiaries of Sony, Fuji and Maxell in May 2002.

Tags:
Previous Post
Nintendo to Offer New DS Bundles For Holiday Season
Next Post
Vodafone Attacks T-Mobile Over iPhone Sales

Related Posts

Latest News

Apple unleashes M5 CPU and new devices
Enterprise & IT

Apple unleashes M5 CPU and new devices

PlayStation Plus Game Catalog for October 2025
Gaming

PlayStation Plus Game Catalog for October 2025

Logitech Muse, the Digital Pencil for Apple Vision Pro, Launches October 22nd
Consumer Electronics

Logitech Muse, the Digital Pencil for Apple Vision Pro, Launches October 22nd

NIKON EXPANDS DX LENS LINEUP WITH TWO NEW NIKKOR LENSES
Cameras

NIKON EXPANDS DX LENS LINEUP WITH TWO NEW NIKKOR LENSES

MSI Unveils the AI-Ready Cubi Z AI Series Mini PC
Enterprise & IT

MSI Unveils the AI-Ready Cubi Z AI Series Mini PC

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed