CD-Wow to pay record damages ! - HotUKDeals
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CD-Wow to pay record damages !

rajpop Avatar
9y, 6m agoPosted 9 years, 6 months ago
Online retailer CD-Wow must pay £41m to British record companies after breaking a deal to stop selling illegally imported cheap albums in the UK. The High Court in London ruled in March that the site's owners, Music Trading Online, were "in substantial breach" of a 2004 agreement to stop importing CDs.
It has now ordered Hong Kong-based CD-Wow to pay £37m plus interest to the British Phonographic Industry (BPI).
CD-Wow says it will continue to sell cheap CDs and may appeal the ruling.
rajpop Avatar
9y, 6m agoPosted 9 years, 6 months ago
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#1
rajpop
[SIZE=2]Online retailer CD-Wow must pay £41m to British record companies after breaking a deal to stop selling illegally imported cheap albums in the UK. [/SIZE] [SIZE=2]The High Court in London ruled in March that the site's owners, Music Trading Online, were "in substantial breach" of a 2004 agreement to stop importing CDs. [/SIZE]
[SIZE=2]It has now ordered Hong Kong-based CD-Wow to pay £37m plus interest to the British Phonographic Industry (BPI). [/SIZE]
[SIZE=2]CD-Wow says it will continue to sell cheap CDs and may appeal the ruling.[/SIZE]


[SIZE=2]
[/SIZE]


Hope prices don't go up use these guys all the time!
#2
41m!

Think this company is going to be disappearing, Can't see they earn 41m!!
#3
Iom-RF
41m!

Think this company is going to be disappearing, Can't see they earn 41m!!


They make about £3 - 4 on each item they sell (excluding vouchers etc that our community uses). They prob do have the money. This company is as big as play.com so we will see!
#4
But even so, This company will still need to pay for staff, Shipping, Storage etc.
#5
i shopped with them once.... never again.
they kept emailing me telling me item out of stock for 3-4 weeks
and a further 3 weeks for my refund
#6
rajpop

Online retailer CD-Wow must pay £41m to British record companies after breaking a deal to stop selling illegally imported cheap albums in the UK. The High Court in London ruled in March that the site's owners, Music Trading Online, were "in substantial breach" of a 2004 agreement to stop importing CDs.
It has now ordered Hong Kong-based CD-Wow to pay £37m plus interest to the British Phonographic Industry (BPI).
CD-Wow says it will continue to sell cheap CDs and may appeal the ruling.
Why should the porn industry benefit from this??




:whistling:
#7
#8
Can i get a reeeeeeeeeeeeeeeeeeeeeeeeeeeeee post!
#9
Joshanna
Can i get a reeeeeeeeeeeeeeeeeeeeeeeeeeeeee post!


Okay: reeeeeeeeeeeeeeeeeeeeeeeeeeeeee post!
#10
oopsie!
#12
Deleted due duplicate
#13
puding e pie!!!
#14
Hmm didn't this happen before though and they just put the prices up?
#15
Theres a couple of threads on it now.

Understand what you mean though, I've never bought anything off of them and won't be in the near future either.
#16
Bump as this is the original thread to save any more duplicates.
#17
merged all 3 threads :)
#18
It's ironic as I received two DVD's from them today :-D

Bargains I might add ;-)
#19
CD Wow have had their assets frozen

Full story here: http://news.bbc.co.uk/1/hi/entertainment/6700639.stm
#20
This will probably drive CD-WOW out of business completely.
Read the full story here: http://lifestyle.hexus.net/content/item.php?item=8871
I'd use the opportunity to say bye-bye to CD-WOW!, their prices weren't that great since a few months back anyway!

Feel free to comment! :thumbsup:
#21
WOAHhh
#22
This is the 3rd time this story has been posted now!!!

...and I was responsible for the 2nd.
#23
n1ck09
This is the 3rd time this story has been posted now!!!

...and I was responsible for the 2nd.


Could even be the fourth!! (if you include the original thread!)
#24
Quote:For the record companies to be able to afford to do that, though, they need to keep prices high elsewhere. So, in effect, consumers in the UK and other developed countries are paying more than they should and are subsidising the music industry's global fight against piracy. { End of Quote }

And they have the nerve to saying people downloading music are stealing :giggle:

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