March 3, 2000 |
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.
August 24, 2000 |
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.
September 20, 2000 |
MP3.com Inc.'s legal troubles continued to mount Tuesday, as San Diego class-action specialist Milberg Weiss Bershad Hynes & Lerach filed a class-action suit against the controversial online music firm, its chief executive and members of its board of directors. The lawsuit, in federal court in San Diego, alleges that the company made "false and misleading" statements between Jan. 13 and Sept. 7 regarding its sales and growth of its Internet services. On Sept. 7, U.S. District Judge Jed S.
May 16, 2000 |
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.
May 15, 1999 |
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.
November 23, 2000 |
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.
May 9, 2000 |
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.
June 3, 1999 |
Music software developer Nullsoft Inc., which was acquired this week by America Online Inc., settled a $20-million federal copyright infringement suit filed by a Los Angeles rival just days before the buyout deal was closed. The lawsuit, filed in U.S. District Court in Los Angeles in March, claimed that Nullsoft founder Justin Frankel did not pay to use program code developed by PlayMedia Systems Inc.
October 5, 2000 |
The Recording Industry Assn. of America is forming a pool to collect royalties from Webcasters who stream music online, sources said Wednesday. But the proposed collective by the RIAA, which declined to comment on the subject, is already causing discord in the online world amid concerns the music industry's trade group might wield too much control over royalty payments. "I don't think the RIAA will be unopposed.