Counsel for the music publisher plaintiffs in the ongoing litigation against the operators of the Kazaa peer-to-peer network informed the US District Court in Los Angeles on Monday that the music publishers have reached an anticipated settlement of the publishers’ class action litigation against the operators of the Kazaa peer-to-peer network.
The settlement, reached after months of negotiations, is subject to final approval of the formal agreement by the board of the National Music Publishers’ Association (NMPA), which sponsored the litigation on the publishers’ behalf, the representative class plaintiffs and the court.
Under the terms of the settlement, Kazaa has agreed to pay a "substantial sum" to compensate music publishers and songwriters for the infringement of musical works on the Kazaa network.
“The anticipated settlement represents an important victory for songwriters, music publishers and music fans alike,” observed David Israelite, NMPA President and CEO.
“It will be another key milestone in the ongoing transformation of the digital music marketplace to one that will allow legal services to thrive,” he added.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
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.
Write a comment