Musicians being ripped off
Posted: Wed Jul 01, 2020 6:28 pmSeveral newspapers and websites have the news that some very well-known names have been fined and 70 others warned
This is from MusicRadar
Roland, Korg and retailer GAK have joined Casio and Fender in being fined heavily by UK watchdog, the Competitions and Markets Authority.
The fines, for "resale price maintenance" (RPM), which stops retailers from discounting below a minimum price, mark "the culmination of 5 separate investigations, covering major players across the musical instruments sector", reads the CMA's statement.
... some industry participants think that, because they were not investigated, they may have ‘got away with it’.
Open letter from the CMA
Roland and Korg have been under the microscope since an investigation was announced in March, but GAK have fallen foul of the rules separately, after Yamaha disclosed its own RPM agreement with the firm. Yamaha themselves have escaped punishment "for being the first to bring the conduct to the attention of the CMA."
This is from MusicRadar
Roland, Korg and retailer GAK have joined Casio and Fender in being fined heavily by UK watchdog, the Competitions and Markets Authority.
The fines, for "resale price maintenance" (RPM), which stops retailers from discounting below a minimum price, mark "the culmination of 5 separate investigations, covering major players across the musical instruments sector", reads the CMA's statement.
... some industry participants think that, because they were not investigated, they may have ‘got away with it’.
Open letter from the CMA
Roland and Korg have been under the microscope since an investigation was announced in March, but GAK have fallen foul of the rules separately, after Yamaha disclosed its own RPM agreement with the firm. Yamaha themselves have escaped punishment "for being the first to bring the conduct to the attention of the CMA."