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Old 30-October-2002, 17:17
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silver silver is offline
 
Join Date: Apr 2001
Location: Bournemouth, UK
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Default Nintendo fined for price rigging

from http://europe.cnn.com/2002/WORLD/eur...ine/index.html

Japanese video games maker Nintendo has been hit with a 149 million euro ($146m) fine for rigging markets and keeping prices artificially high.

The fine is one of the largest antitrust fines ever imposed by the European Union. Nintendo says it will appeal.

Seven Nintendo distributors were also fined a total of 18.8m euros for anti-competitive practices that were designed to limit cross-border sales during the 1990s.

EU Competition Commissioner Mario Monti said: "Every year, millions of European families spend large amounts of money on video games. They have the right to buy the games and consoles at the lowest price the market can possibly offer.

"We will not tolerate collusive behaviour intended to keep prices artificially high."

The heavy fine reflected Nintendo's size in the market and its role as the "driving force behind the illicit behaviour," the European Commission said in a statement, The Associated Press reported.

The EC said the company had prevented distributors selling Nintendo games from cheaper EU countries, such as Britain, to those like Germany and the Netherlands where they were up to 65 percent more expensive.

In a statement, the world's second biggest video games maker told Reuters: "In view of the size of the fine, which Nintendo finds surprising, Nintendo will lodge an appeal."

The statement added that Nintendo accepted the Commission's finding that until 1998 its distribution practices had not complied with European Union competition rules, but said it had since taken measures to rectify the situation.

Nintendo's Game Boy system is the handheld console market leader, selling more than 110 million units since 1989.
how come you can make region locked dvds (isn't PS2 region locked?) an get away with that?

Sil
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