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RIAA Settles Lawsuit Against StreamCast Networks Over Web Radio Service

Authored by Mark Hefflinger on March 22, 2005 - 9:40am.
Los Angeles -- The Recording Industry Association of America (RIAA) has settled a lawsuit it filed against peer-to-peer file-sharing provider StreamCast Networks, which accused the company of making thousands of unauthorized copies of songs -- for an online radio service the company never launched, the Los Angeles Times reported. The settlement does not affect the major record labels' separate lawsuit against StreamCast and Grokster, another file-sharing network, which will be argued before the U.S. Supreme Court next week. StreamCast CEO Michael Weiss told The Times that the company accepted a "ridiculously low settlement offer" from the labels to end the "nuisance lawsuit." RIAA senior vice president Stanley Pierre-Louis told The Times, "We certainly were satisfied with where we ended up."
http://www.latimes.com/business/la-fi-settle22mar22.story
http://www.streamcastnetworks.com

tags: RIAA | StreamCast Networks | Web Radio Service |



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