A Blog dedicated to news, laws and trends involving the parallel market.
In one of the largest awards ever rendered against a parallel market importer in Europe, CD Wow has been ordered to pay more than 41 million pounds (approx. $80 million) to the British Phonographic Industry (BPI) . The award issued this past month after a five year battle by BPI against the Hong Kong based diverter. CD Wow purchased CD’s which sold at a lower price in the far east, and resold them to retailers in the United Kingdom. The case centered on a European Union law which prohibits the importation into the Union of goods bearing copyrighted works without the consent of the copyright owner. In 2004, CD Wow entered into a settlement agreement with BPI in which CD Wow agreed to cease future sales. The harsh ruling was based on the High Court’s decision that CD Wow violated the terms of this agreement.
The players can be found at:
http://www.bpi.co.uk/
http://www.cdwow.com/
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