Friday, June 16, 2006
Music industry leader EMI has settled allegations of payola with New York Attorney General Eliot Spitzer for a settlement of $3.75 million. The company was Spitzer's last of four targets: the others were Sony Music Group, Warner and Universal. Each company agreed to settle with a payment ranging from $5 million (Warner) to $12 million (Universal). Spitzer now plans to move on to investigate similar allegations in radio broadcasting. Read more here in the Hollywood Reporter (subscription may be required) or here in the New York Times. An FCC payola inquiry continues.