Few Takers for CD Settlement Cash

The Attorney General from my home state is grabbing the headlines at Wired about the lackluster turnout of consumers to (possibly) get their share of a 44 million dollar settlement.

Also here is the link to the Compact Disc Minimum Advertised Price Antitrust Litigation Settlement Web Page


If this topic has been posted in another thread that I missed, the moderators are welcome to use GortBeGone (tm) to blow this thread away.

 

This reminds me of the Milli Vanilli settlement, where a claimant was to send their CD to a certain address and they would be sent a check for
$3.50. Why bother?

Paul

 

Talk about hitting somebody (or in this case, some companies) when they are down. All this will do is cause more lay-offs in the music industry. Lawyers are the scum of the earth in my book. Well except for the lawyers who frequent the Steve Hoffman web site that is... People had the right to NOT buy the "over-priced" product in the first place... What a crock!

 

I don't feel sorry for them...gimmie one of those $19.99 Cee Dee's...what a bargain.

 

Hmmm, I wonder if this will happen up here?

 

My wife and I were appalled at having to reveal the last four digits of the social security number. It's probably to prevent double-dipping, but there's too much unscrupulous activity going on out there.

 

Hey.. I'm signed up! Daddy may get a new SACD out of the deal.... he he

 

Oh yeah, my heart bleeds for the Music companies. I spend about $60K on music in that time period and they are going to offer me $5-$20 bucks. Oh and I do have my receipts saved and can prove the amount spent (ok so I'm anal).

 

Ever since the Attorney's General won the settlement, advertised CD prices have come way down. There is no comparison when I look at the Kmart, Best Buy, Wallyworld prices now to what they were before the settlement. Kudos to the lawyers!

 

Taxman,

What are the cost number comparisons ?

Thanks !

 

Well, we did see Springsteen's The Rising advertised at Best Buy for something like $7.99 recently. I don't think they were allowed to do that prior to the antitrust lawsuit.

As discussed in an earlier thread, the result of this lawsuit is a two-edged sword. On the one hand, large stores can sell at lower prices, but this could result in driving smaller indie record stores out of business...

Ray

 

Thanks Craig.

 

It seems to me that the big box ads used to all list CDs for 13.99 and 14.99. Now 10.99 and 11.99 are easy to find for the new releases. It's virtually the first thing I look at when the Sunday paper comes. Sad in a way.