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MyWeb Inc.com Settles with IFPI

http://www.currents.net/newstoday/00/03/27/news19.html


MyWeb Inc.com Settles

Copyright Lawsuit

By Sherman Fridman, Newsbytes March 27, 2000

MyWeb Inc.com [AMEX:MWB] has settled the suit brought against it in China by the IFPI, a trade organization representing 1,400 record producers and distributors in 76 countries, claiming that MyWeb engaged in unauthorized use of their recordings on the Net.

The Chinese lawsuit was a civil matter filed in China by four IFPI members: China Record, Sony Music, Universal Music, and Warner Music.

Although MyWeb is headquartered in San Francisco, the IFPI lawsuit was filed in the Second Intermediary People's Court of Beijing in December 1999. The suit complained that MyWeb had set up Web pages on its China-based Web portal that enabled Internet users to download the sound recordings of IFPI members, in MP3 format through hyperlinks and search engines.

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