Proel Buys Turbosound
Proel, an Italian concern, confirmed that it has acquired the assets of Turbosound Ltd. The deal, for an undisclosed amount, looks set to transform the profiles of both companies in key market sectors. The acquisition, which has been rumored for sometime, but was only sealed last week, is expected to add depth to Proel’s position in the pro-audio marketplace, allowing it to benefit from the international reputation of the...
RIAA Enlists ISPs As Paralegals
The Recording Industry Association of America (RIAA) has sent out a letter to ISP’s to enlist them as Paralegals in an effort to change its prelitigation policies. The letter informs the ISP’s to “stop making mistakes in identifying subscribers” — “offers a ‘Pre-Doe settlement option’ with a discount of ‘$1000 or more’ to their subscribers who illegally share music...
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