Spain Fines IP Licensing Groups $4.2M For Abusing Monopolies

Law360, New York (June 18, 2012, 3:30 PM EDT) -- Spain's competition watchdog on Thursday ordered two intellectual property management groups to pay €3.3 million ($4.15 million) for abusing their market dominance by charging television stations inflated licensing fees.

The National Competition Commission said the Producers of Music Works Management Society and the Artists and Performers’ Society of Spain — collecting societies that grant IP licenses under Spanish copyright law — had used their huge market shares to charge rates that were not tied to the actual value of the works they licensed.

The regulator also...
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