FTC Warning to Ring Tone Firms
The antimonopoly regulator ordered five major Japanese record label and software companies Thursday to stop an illegal attempt to dominate the domestic market in mobile phone ring tones.
The Fair Trade Commission warned Sony Music Entertainment Inc., Avex Network Inc., Toshiba EMI Ltd., Victor Entertainment Inc. and the Universal Music Group about unfairly blocking new entrants by exclusively selling the rights to songs to their joint venture, Label Mobile Inc., according to a statement on the commission’s Web site. Full story Here.