CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Taiwan's P2P Giant Goes Legal

Taiwan's P2P Giant Goes Legal

by Mary Swire, for, 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."

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »