Competition Authority fines SIAE for “abuse of dominant position”
Collection society SIAE has been ordered by the Italian Competition Authority (AGCM) to "end [its] proven distortion" of Italy's music copyright sector
News By | 26 October 2018
The Italian Competition Authority has levied a symbolic fine of €1,000 on performance rights organisation (PRO) SIAE for the abuse of its dominant market position to suppress competition in Italy’s rights sector.
SIAE (the Italian Society of Authors and Publishers, or Società Italiana degli Autori ed Editori) has been given 60 days to “put an end to its [alleged] distortions of competition”, which relate to a dispute with two newer copyright collection societies, Soundreef and Innovaetica.
SIAE had formerly exercised a (legal) monopoly on Italian royalties collections, although a 2017 provision of Italy’s budget law finally paved the way for the liberalisation of the market and allowed for competition, to comply with EU law.
Some 8,000 rightsholders have left SIAE in recent years, mostly for Soundreef. SIAE…
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