26
Oct
The Recording Industry Association of America has reached a $10 million legal settlement with a Spanish company that briefly offered MP3s online for just pennies a song.
The trade group on Monday said four people associated with Puretunes.com, which operated only briefly in mid-2003, collectively agreed to pay $500,000 in damages, while the holding company responsible for the Web site’s operations will be responsible for $10 million.
The company initially said it had acquired the rights to the songs legally through overseas licensing authorities. The RIAA disagreed and sued the company not long afterward. [more @ www.zdnet.com]
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