Did musicnet violate the antitrust laws

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Reference no: EM133919949

Problem

Together, EMI, Sony BMG Music Entertainment, Universal Music Group Recordings, Inc. and Warner Music Group Corporation produced, licensed and distributed 80 percent of digital music sold in the United States. The companies formed Musicnet to sell music to online services that sold the songs to consumers. Musicnet required that all services sell the songs at the same price and under the same restrictions. Get the instant assignment help. The digitalization of music became cheaper, but Musicnet did not change its prices. Did Musicnet violate the antitrust laws? Explain.

Reference no: EM133919949

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