Seven major TV vendors face hefty fines reaching €1.47 billion in total from the European Commission (EC) for participation in either one or both of what are described as two global TV price fixing cartels.
To think the word "cartel" usually brings to mind the violent Mexican meth dealers seen in AMC's Breaking Bad, not dealers in a nearly extinct TV technology...
According to the EC, between 1996 and 2006 two vendor groups "fixed prices, shared markets, allocated customers and restricted output" of cathode-ray tubes worldwide. One group handled colour TVs, the other PC monitors.
The fines follow a lengthy investigation brought about by a 2007 EU raid, after Taiwan's Chunghwa Picture Tubes ratted out the so called cartels. For its troubles, Chunghwa gets full immunity from the fines.