Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Taiwan's P2P Giant Goes Legal
by Mary Swire, for LawAndTax-News.com, Hong Kong

18 September 2006

The International Federation for the Phonographic Industry (IFPI) announced last Thursday that Kuro, Taiwan's best-known unauthorised file-sharing service, has paid a substantial sum in damages to the recording industry and agreed to shut down its copyright-infringing P2P operation.

Under the settlement with record companies represented by IFPI Taiwan, Kuro's operator, Taipei-based Fashion Now Co. Ltd, will stop distributing its P2P software programme immediately and will ensure closure of the copyright-infringing service by October 15.

Kuro, its directors and president all received a criminal conviction for copyright infringement in September 2005.

The service was run as a commercial subscription business, with an estimated 500,000 registered users in Taiwan and mainland China. The operator says it will launch a new legitimate music download website but will sever all links with the old infringing service.

IFPI General Counsel & Executive Vice-President, Geoff Taylor announced last week that:

"Unauthorised file-sharing services like Kuro profit from large-scale copyright infringement and undermine those legitimate online music services who pay artists and respect copyright. This settlement confirms that there is a bright future for legal online music services, while services that try to build a business on copyright theft pay a heavy price."

.

 


IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.