eDonkey Settles Infringement Suit For $30 Million
eDonkey the renegade file-sharing application owned by MetaMachine, has agreed to shutdown its service and pay a $30 million settlement to avoid a infringement lawsuit by the Recording Industry Association of America (RIAA). eDonkey has also agreed to discontinue distributing its file-sharing application. The result follows months of negotiations with the RIAA, which sent a cease-and-desist letter to the company in September of last...
eMusic Launches Big In European Market
eMusic, a concern owned by Dimensional Associates Inc., the private equity arm of hedge fund JDS Capital Management Inc., has launched its digital download service across Europe. EMusic will be the first service to launch in all 25 European Union member nations, and will make a big promotional splash in lucrative markets such as Germany and Britain in a bid to become the top alternative to market leader iTunes, the same distinction it...
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