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Mp3 Com Inc

BUSINESS
July 28, 2000 | From Reuters
MP3.com Inc. reached an agreement with EMI Group that will allow the online music company to use songs owned by the British record label in the My.MP3 Web-based database, a source familiar with the talks said Thursday. "An announcement is expected Friday that says MP3.com can use EMI's music as part of the My.MP3.com service," the source said. MP3.
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BUSINESS
May 5, 2000 | From Bloomberg News
MP3.com Inc. is using "indefensible" and "frivolous" arguments to justify its online distribution of copyrighted music, a federal judge said Thursday in a decision explaining last week's ruling that MP3.com had infringed record company copyrights. U.S. District Judge Jed S. Rakoff ruled Friday that San Diego-based MP3.com had infringed the record labels' copyrights by transmitting, for free, tens of thousands of songs to computer users who subscribe to the company's "My.MP3.com" service.
BUSINESS
August 24, 2000 | Bloomberg News
MP3.com Inc. would face damages for copyright violations on every compact disc it infringed, not every song, if a lawsuit by record companies against the Web music site goes to trial as scheduled Monday, a federal judge ruled. U.S. District Judge Jed S. Rakoff in New York ruled that for purposes of determining damages, the copyright works in the case are the CDs that MP3.
BUSINESS
April 14, 2000 | Bloomberg News
MP3.com Inc. and several prominent record labels were sued in federal court by musicians who seek royalty payments for the distribution of their songs over the Internet. The suit, filed by musicians who perform as the Chambers Brothers, the Coasters and the Original Drifters, seeks a ruling that neither MP3.com nor the record companies--Time Warner Inc., Sony Corp. of America and two others--have the right to transmit their songs over the Internet.
BUSINESS
May 16, 2000 | From Reuters
WASHINGTON-Pop singer Alanis Morissette plans to sell about $1 million worth of the stock of online music company MP3.com Inc., according to a filing she made with the Securities and Exchange Commission. The Canadian-born rocker, whose hit singles include "Ironic" and "You Learn," is looking to unload 100,000 common shares of MP3.com. They are part of 329,328 shares she acquired in April 1999, her SEC filing earlier this month showed.
BUSINESS
May 15, 1999 | Reuters
Internet music distributor MP3.com Inc., which is named after the popular downloading technology that has caused an uproar in the music business, said it planned to go public in an initial stock offering that would raise about $115 million. The MP3 technology, which is not owned by MP3.com, enables people to download music from the Internet, usually at a cost well below typical retail prices. MP3.com is not the only online company offering MP3 technology, but it has emerged as an early leader.
BUSINESS
March 3, 2000 | Bloomberg News; Times Staff
Shares of online music provider MP3.com Inc. had been languishing below last summer's initial public offering price, but on Thursday they surged up the charts, nearly doubling. The stock (ticker symbol: MPPP) snapped to life on optimism that the company will offer a new service despite a pending lawsuit. San Diego-based MP3.com soared $15.63, or 95%, to $32 on Nasdaq after company managers spoke at a Robertson Stephens investment conference in San Francisco.
BUSINESS
November 23, 2000 | P.J. Huffstutter
A federal bankruptcy judge denied MP3Board.com Inc.'s request for an emergency hearing, and told the online search engine that it would have to wait until Dec. 12 to bid on the assets of the now-defunct firm Scour Inc. While MP3Board did not say how much it plans to bid, it disclosed in a court filing that it wants only Scour's file-sharing technology, known as Scour Exchange.
BUSINESS
May 9, 2000 | From Reuters
A recording industry trade group claimed an initial victory Monday in its copyright battle against computer song-swap company Napster Inc., which it alleges is a haven for music piracy on the Internet. U.S. District Court Judge Marilyn Patel in San Francisco late Friday rejected Napster's claim that it is a "mere conduit." Napster, in its motion for a summary judgment in the case, had claimed that it was merely a service provider and was not liable for the actions of its users.
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