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Warner Music faces 14 lawsuits over download fees |
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Warner Music Group reported on Friday soaring digital music sales, even as
the company continues to lose money and faces numerous lawsuits related to
alleged price fixing of music downloads.
In documents filed with the Securities and Exchange Commission, Warner Music
said the company has been named in 14 class-action lawsuits, most of which
allege a "conspiracy among record companies to fix prices for downloads."
"The company intends to defend against these lawsuits vigorously," Warner
Music said in its quarterly statement filed Friday.
The accusations come three months after Eliott Spitzer, New York's attorney
general, began investigating whether several of the big music companies agreed
to fix download prices. Such an agreement would violate antitrust laws.
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