March 21, 2007 at 02:57Video makers accused of collusion
According to AP, EU antitrust authorities imposed fines on several unnamed companies (including Sony, however, for sure) on a cartel deal to keep prices for magnetic video tape on Tuesday.
This is an idea about professional film used on television and in the advertising business. This market is one of the few where magnetic tape is still outperforming digital media.
Representatives of other likely accused companies - Fujifilm, Matsushita Electric, Maxell and TDK - have not yet spoken about their involvement in the case.
Defendants can either agree with the arguments of the EU, or challenge them in court. Depending on the further development of events, after two months, the executive bodies of the European Union may require them to pay a fine of up to 10% of their global annual income.
This is an idea about professional film used on television and in the advertising business. This market is one of the few where magnetic tape is still outperforming digital media.
Representatives of other likely accused companies - Fujifilm, Matsushita Electric, Maxell and TDK - have not yet spoken about their involvement in the case.
Defendants can either agree with the arguments of the EU, or challenge them in court. Depending on the further development of events, after two months, the executive bodies of the European Union may require them to pay a fine of up to 10% of their global annual income.