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.
April 14, 2000 |
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.
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.
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.
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.
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.
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.
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.
June 14, 2000 |
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.
June 24, 2000 |
Major recording labels, including BMG Music, Sony Music Entertainment Inc. and Warner Bros. Records, sued MP3Board Inc. Friday to prevent its Web site from linking users to pirated music on the Internet. The copyright infringement suit, filed in federal court in Manhattan, comes three weeks after Warner and BMG settled a copyright suit with online music company MP3.com Inc., which uses the MP3 technology to store and transmit music over the Internet. The two companies are not connected.