England: Record fine for music retailer CD Wow
The British music industry has won a multimillion-euro lawsuit against an Asian CD retailer. The Hong Kong-based company CD Wow must pay approximately 59 million euros in damages to several record labels.
The British music industry has won a multi-million euro legal dispute against an Asian CD retailer. The Hong Kong-based company CD Wow must pay around 59 million euros in damages to several labels because the Asian company had unlawfully profited from international price fluctuations, according to the verdict. The victory over the CD retailer is one of the biggest successes for the British music industry in the past six years, during which the labels have repeatedly gone to court over copyright infringements. The fine is also one of the highest ever imposed in a legal dispute with the music industry.
