The Audio Publishers Association (“APA”) is committed to full compliance with the antitrust laws. Failure to comply with the antitrust laws can have severe consequences, including significant fines for the APA and its member companies and jail time for individual participants. The antitrust laws prohibit competitors from reaching an agreement on price and other competitively-impactful terms. But because an unlawful agreement can be inferred from communications, it is also imperm...