New Delhi : Competition Commission of India (CCI) imposed Rs 2.83 crore penalty on Super Cassettes Industries, known as ‘T-Series’, for unfair business practices with regard to licensing of Bollywood music to private FM radio stations, reports PTI.
Passing the final order on a complaint filed by HT Media Ltd, the regulator said Super Super Cassettes Industries Ltd abused its dominant position in the relevant market. The penalty of Rs 2.83 crore translates to eight per cent of Super Cassettes’ average turnover of three financial years starting from 2008-09 fiscal.The Competition Commission of India (CCI) found “Super Cassettes Industries to be in dominant position in the relevant market of licensing of Bollywood music to private FM radio stations for broadcast in India.
In its 93-page order, the Commission said Super Cassettes violated competition norms by imposing unfair conditions of Minimum Commitment Charges upon private FM stations in its existing agreements.
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