26
Aug
The Full Federal Court has today upheld that Warner Music and Universal Music had breached section 47 of the Trade Practices Act 1974 dealing with exclusive dealing when responding to the parallel importation of music by small business.
The court did not affirm a breach of section 46, based on the earlier High Court Boral judgment. The court increased the total penalties payable by Warner, Universal and company senior executives to a total of more than $2 million.“This decision is important as it sends a strong message to those who would attempt to influence retailers against stocking the often cheaper parallel-imported CDs in competition with Australian-made CDs”, ACCC Chairman, Mr Graeme Samuel, said. [more @ www.mi2n.com]
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