[eccr] European Commission slaps EUR149m fine on Nintendo

European Commission slaps ¬149m fine on Nintendo
======================
The Japanese video games maker Nintendo and seven of its European
distributors have been fined a total of ¬167.8m by the European
Commission for rigging the market to keep prices high. The fine is the
fifth largest ever imposed by the Commission for any anti-trust breach
of European Union rules. Nintendo said it would appeal the decision.

The Commission determined the company and its distributors acted as a
cartel between 1991 and 1998 to keep prices artificially high, and to
keep out cheaper imports from other countries, in breach of EU rules.
Nintendo was fined ¬149m. Distributors in Portugal, Sweden, Italy, UK,
Greece and Belgium were also part of the cartel, acting together to
prevent 'parallel' trade in Nintendo video games from cheaper sources.

The Independent - October 31, 2002
http://news.independent.co.uk/digital/news/story.jsp?story=347449

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