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Mp3 Com Inc

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.
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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
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
September 20, 2000 | P.J. HUFFSTUTTER
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.
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.
BUSINESS
June 3, 1999 | P.J. Huffstutter
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.
BUSINESS
October 5, 2000 | From Reuters
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.
BUSINESS
June 14, 2000 | From Bloomberg News
Led by Seagram Co., the entertainment industry has almost doubled its donations to federal campaigns in the 1999-2000 election cycle, as companies seek laws to fight Internet piracy, a campaign-spending watchdog group said. The industry has given more than $15.5 million to campaign committees and candidates in the 1999-2000 presidential election cycle, compared with $8.5 million at the same point in the 1995-1996 cycle, according to the Center for Responsive Politics.
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