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| August 20, 2004 | BACK
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Peer-to-Peer Firm iMesh and Record Companies Settle Copyright Infringement Case
As conditions of the out-of-court settlement, iMesh has agreed to settle claims with the record companies for $4.1 million and migrate to an online business that abides by U.S. copyright laws. “Peer-to-peer technologies hold real promise. This settlement with iMesh is an opportunity to demonstrate that promise in the legitimate marketplace,” said Mitch Bainwol, Chairman and CEO of the RIAA. “The constructive approach of iMesh stands in stark contrast to other file sharing businesses who thumb their noses at Congress, continue to offload liability onto users, and dupe America’s kids into breaking the law.
“That is precisely why Senators Hatch and Leahy have introduced legislation that would make it clear that those who intentionally induce others to break the law should themselves be liable,” Bainwol added.
The original lawsuit brought by the record companies was filed in the federal court for the Southern District Court of New York.
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The Recording Industry Association of America (RIAA) is the trade organization that supports and promotes the creative and financial vitality of the major music companies. Its members are the music labels that comprise the most vibrant record industry in the world. RIAA® members create, manufacture and/or distribute approximately 85% of all legitimate recorded music produced and sold in the United States.
In support of this mission, the RIAA works to protect the intellectual property and First Amendment rights of artists and music labels; conduct consumer, industry and technical research; and monitor and review state and federal laws, regulations and policies. The RIAA® also certifies Gold®, Platinum®, Multi-Platinum™ and Diamond sales awards as well as Los Premios De Oro y Platino™, an award celebrating Latin music sales.
Contact:
Jonathan Lamy
Cara Duckworth
Liz Kennedy
202/775-0101
