A PYMNTS Company

E.U.: Ten percent of annual sales fine may hit TV manufacturers for price-fixing

By  |  November 8, 2012
E.U.: Ten percent of annual sales fine may hit TV manufacturers for price-fixing

Sources say the European Commission may demand ten percent of annual sales from LG, Panasonic and Royal Philips as a fine for price-fixing agreements. The European Commission had investigated the companies into alleged price-fixing of cathode-ray tubes, a part used in televisions and computer monitors. Demand for the part, however, fell as consumers preferred slimmer, flat-screen products that do not require cathode-ray tubes. Other companies have also been investigated by the Commission, not only in the E.U. but also in Japan and South Korea.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.