av news
This Month's Featured Equipment Reviews
ZenWave Cables and SurgeX ZenWave Edition Review
REDGUM BLACK RGi35ENR Integrated Amplifier Review
Linear Tube Audio MicroZOTL 2.0 Headphone Amp & Preamp Review
iFi Micro iUSB 3.0 & Gemini USB Cable Reviews
Marantz M-CR611 Network CD Receiver Review
Latest AV News
AV News Forum Topics:
 
Three HDTV Manufacturers Plead Guilty to LCD Price-Fixing Print E-mail
Wednesday, 19 November 2008
ImageWe have all seen the prices of LCD HDTVs fall over the past years.  However, a recent investigation into the falling prices by the antitrust division of the Justice Department has found that price-fixing was taking place by some of the major display manufacturers – Sharp, LG and Chunghwa Picture Tubes.
These companies recently pleaded guilty to the price-fixing charge and have agreed to pay a total of $585 million dollars in criminal fines.  The Justice Department declares that prices would have fallen even faster and more if it had not been for an international price-fixing cartel.

LG is required to pay the most at $400 million.  All the companies have also agreed to assist in the Department's further investigation in flat-panel prices.  Investigations are under way in Europe, Japan, and South Korea.  In the United States, class-action lawsuits have already been filed.

Analysts say that prices would be even cheaper had price-fixing not taken place.  In addition to flat-panel LCD HDTVs, other items using LCD technology would have also fallen in price (i.e.: computers, cellphones and other household electronics).

Greed is the way of the world, as if the $100 billion profit margin each year in the LCD HDTV business isn't more than enough already, companies feel they need to fix the prices.



Like this article? Bookmark and share with any of the sites below.
Digg!Reddit!Del.icio.us!Google!StumbleUpon!Yahoo!Free social bookmarking plugins and extensions for Joomla! websites!
 

  home theater news  |  equipment reviews 
  blu-ray reviews  |  dvd  |  theatrical reviews  
  music download reviews  |  music disc reviews
  contact  |  about-us  |  careers   |  brands 
  RSS   |  AVRev Forums
  front page  |  virtual tours  |  dealer locator
  how to features  |   lifestyle & design articles
  Want Your Home Theater Featured on MHT?
   CE Partners: HDD  |  HDF  |  VGT  |  SD  |  DVD
   
  Advertise with Us | Specs | Disclaimer | Sponsors
  privacy policy | cookie policy | terms of use
  909 N. Sepulveda Blvd. El Segundo, CA 90245
  Ads: 310.280.4476 | Contact Us
  Content: 310.280.4575 | Mike Flacy