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Record Labels Sue Chinese Search Engine Baidu for Copyright Infringement

Authored by Mark Hefflinger on September 16, 2005 - 10:36am.
New York -- The world's four major record labels (EMI, Sony BMG, Universal, Warner) have sued Baidu.com, China's most popular Internet search engine, for copyright infringement, alleging the site provides illegal links to free music downloads, Reuters reported. The International Federation of the Phonographic Industry (IFPI) told Reuters three of the suits were filed in July in Beijing, with Sony BMG filed its suit earlier this month. Baidu, which saw its share price rise from $27 to $122 on the day of its initial public offering on the Nasdaq in August, has since lost a third of its market value -- blamed largely on the company's overvaluation.
http://tinyurl.com/bbsg4
http://www.ifpi.org/site-content/press/20050909.html
http://www.baidu.com
tags: Law | Sue | Copyright Infringement | Baidu | Record Labels | Chinese Search Engine |

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