The European Commission has imposed fines amounting to approximately EUR 75 million on Sony, Fuji and Maxell for participating in cartel activities in the professional videotape market. The Commission itself initiated the investigation that commenced with dawn raids on the companies’ premises. While Fuji and Maxell were granted a reduction of 40 and 20 per cent respectively for their cooperation with the Commission, Sony’s fine was increased by 30 per cent for obstructing the investigation. This is the first cartel decision where the new Guidelines on the calculation of fines, adopted in 2006, have been applied.