Breaking; Roland and Korg fined £5.5m over UK price fixing

Discussion in 'Industry News' started by hackerz4life, Jul 1, 2020.

  1. hackerz4life

    hackerz4life Kapellmeister

    Joined:
    Jan 6, 2020
    Messages:
    119
    Likes Received:
    43
    Location:
    Space
    The Competition and Markets Authority (CMA) said the companies had breached competition rules by restricting online discounting of their musical instruments. The practice, known as “resale price maintenance”, forced retailers to sell instruments at or above a minimum price.

    The watchdog said Roland restricted pricing of its electronic drum kits and accessories between January 2011 and April 2018, while Korg did the same for its hi-tech music equipment and synthesisers between June 2015 and April 2018.

    Roland was fined just over £4m and Korg £1.5m.

    Similar breaches resulted in a £4.5m fine against the guitar maker Fender in January, months after Casio was hit with a £3.7m penalty for the price fixing of keyboards and digital pianos last August.

    The Roland and Korg cases mark the end of five separate investigations by the CMA covering major players in the sector, and bring the total fines to £13.7m.

    https://www.theguardian.com/busines...oland-and-korg-fined-55m-over-uk-price-fixing

    Artificial tears, made by Behringer. :)
    [​IMG]
     
    Last edited: Jul 1, 2020
    • Interesting Interesting x 3
    • Like Like x 1
    • Funny Funny x 1
    • List
  2.  
  3. The Pirate

    The Pirate Audiosexual

    Joined:
    Dec 20, 2018
    Messages:
    4,315
    Likes Received:
    3,411
    Location:
    NOYMFB
    I have not read the article but the question is: Who gets the money? Is it distributed among the buyers that were affected? Or the "watchdog" gets to keep it? If buyers don't get reimbursed, who cares whether the fine is £5.5m or £100 million. Only Roland and Korg. That is no remedy for past byers. Maybe, only future buyers will reap some benefits.
     
  4. Haliax

    Haliax Rock Star

    Joined:
    Feb 2, 2019
    Messages:
    464
    Likes Received:
    314
    Location:
    Inside the Outside
    Do I get reimbursed for not buying any of their equipment because I thought it was too expensive, and went with an inferior manafacturer?
     
  5. recycle

    recycle Audiosexual

    Joined:
    Nov 13, 2013
    Messages:
    810
    Likes Received:
    547
    Location:
    motherboard
    This is what Uli is actually drinking:
    [​IMG]
     
    • Funny Funny x 4
    • Agree Agree x 1
    • Love it! Love it! x 1
    • List
  6. Haliax

    Haliax Rock Star

    Joined:
    Feb 2, 2019
    Messages:
    464
    Likes Received:
    314
    Location:
    Inside the Outside
    I'm ashamed to say I used to drink that
     
  7. hackerz4life

    hackerz4life Kapellmeister

    Joined:
    Jan 6, 2020
    Messages:
    119
    Likes Received:
    43
    Location:
    Space
    Yes and no. The penalty is not so small in these corona times, will it affect anything? 99% of customers will never find out about this but for the Japanese it could be shameful and that could be a bigger penalty for them.
    Its also proves that Uli has been fair in his trade compared to some of these big companies, yet they were the ones pointing fingers at him.
     
    • Interesting Interesting x 1
    • List
  8. The Pirate

    The Pirate Audiosexual

    Joined:
    Dec 20, 2018
    Messages:
    4,315
    Likes Received:
    3,411
    Location:
    NOYMFB
    Collector's bottle. It is missing the "H" Once they fix it, bottles without it will cost some big bucks. I thing I will order 50 cases.
     
  9. The Pirate

    The Pirate Audiosexual

    Joined:
    Dec 20, 2018
    Messages:
    4,315
    Likes Received:
    3,411
    Location:
    NOYMFB
    Since you quoted me, "yes" and "no" to what?
     
  10. recycle

    recycle Audiosexual

    Joined:
    Nov 13, 2013
    Messages:
    810
    Likes Received:
    547
    Location:
    motherboard
    Correct, but they will fix it with the next firmware update
     
  11. Valnar

    Valnar Kapellmeister

    Joined:
    Feb 21, 2020
    Messages:
    226
    Likes Received:
    66
  12. Smoove Grooves

    Smoove Grooves Audiosexual

    Joined:
    Jan 26, 2019
    Messages:
    2,524
    Likes Received:
    912
    Roland & Korg care, exactly.
    Surely getting a fine for being naughty is the main point? To deter them.
     
  13. DoubleTake

    DoubleTake Audiosexual

    Joined:
    Jul 16, 2017
    Messages:
    923
    Likes Received:
    540
    Sometimes the penalty / fine is too small to prevent further abuse, and is just figured into pricing...
     
    • Like Like x 1
    • Agree Agree x 1
    • List
Loading...
Similar Threads - Breaking Roland Korg Forum Date
BREAKING NEWS : 45% Less Car Accidents With This New Innovative Seatbelt Design!!! humor Jun 18, 2020
Clip gain without breaking a clip? Mixing and Mastering May 20, 2020
Having hard time breaking rhythm Working with Sound Feb 3, 2020
Soundbreaking: Stories from the Cutting Edge of Recorded Music 1 Education Feb 19, 2018
FL Studio breaking Windows - keygen's fault? FL Studio Nov 29, 2017
Loading...