Record Labels Will Pay $45 Million For PiracyAdded: Thursday, January 13th, 2011
Category: Recent Headlines Involving File Sharing > Ridiculous Criminal Trials
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Musicians won the case of the practice of record labels using so-called “Pending Lists”, presuming that a license can be obtained from the rights holder, and using their copyrighted content without expressed permission. The labels finally faced claims of $20,000 per each of 300 thousand cases of infringements, which made it $6 billion in total damages.
It is always so entertaining to hear about record labels being accused of piracy, taking into consideration their attempts to convince the society of their immorality and harm done to the community. Meanwhile, the CRIA (Canadian Recording Industry Association) appeared to use copyrighted tracks on compilation discs without the permission of the rights owners for years.
The case centered around the practice of using so-called “Pending Lists” with the labels “presuming,” as it is said in the lawsuit, “that a license can be obtained from the rights holder in return for the payment of the “industry rate” payable for mechanical reproduction of creative works.
The list had grown to more than 300 thousand works in total. For all of them no license had been obtained and therefore no compensation paid by the labels. The musicians gave up their attempts to convince the labels to listen to their complaints back in 2008 and filed the lawsuit to the court. The content creators had asked for $20,000 in damages per each case of infringement, which made the total damages of $6 billion. After the CRIA had faced with the certainty of a conviction, it changed its mind and agreed to settle the charges for $45 million. The suggested agreement will establish a new mechanism expediting royalty payments to rights owners.
Graham Henderson, President of CRIA, representing Warner Music Canada, Sony Music Entertainment Canada, EMI Music Canada, and Universal Music Canada, admitted that this would be a very positive outcome for everyone. He even commended the counsel representing content creators and the largest record labels for constructive approach in arranging a settlement.
Well, it’s good that the artists arrived at what they considered to be an equitable resolution of the matter, but it is suspected that they would have preferred the full $6 billion judgment instead. This would have been fair for the music industry, which always demands that infringers receive the fullest punishment the legislation stipulates.
January 13th ,2011Posted by:
Thursday, January 13th, 2011
|posted by (2011-01-14 20:12:28)|
|Agreed, they shoulda settled for no less than 1 Billion!|
|WTF? Musicians make 95% of their income from live concerts....|
And yes to many musicians, their managers and the record industry MEGASUCK......
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