Archive for category: law

$TWTR Opens Trading on NYSE
/ November 7, 2013 8:46 am
$TWTR Opens Trading on NYSE

Twitter’s stock opened trading as ticker symbol TWTR on the New York Stock Exchange (NYSE) on Thursday with shares priced at $45.10 by midmorning, up 73 percent from its initial price of $26, according to the New York Times. The initial share price of $26 gave the social media company a market value of $18.1 billion. . Read More

Court Orders Bot Company to Cease Operations and Pay $7 Million in Damages to Blizzard in WoW Bot Suit
/ October 22, 2013 4:31 pm
Court Orders Bot Company to Cease Operations and Pay $7 Million in Damages to Blizzard in WoW Bot Suit

GamesIndustryBiz reports that Blizzard Entertainment has won a $7 million judgment in a lawsuit, which was filed against a World of WarCraft bot company. Blizzard filed the suit against Ceiling Fan Software in December 2011. Ceiling Fan is the creator of several WoW bots, the most popular among them include Shadow Bot and Pocket Gnome. . Read More

New Zealand Plans to Reinvent Music Licensing with Single Music License
/ October 1, 2013 2:06 pm
New Zealand Plans to Reinvent Music Licensing with Single Music License

DigitalMusicNews reports that New Zealand is reinventing the way music rights are licensed by providing a one-stop license for any public performance or work, whether for radio, restaurant, publishing or recording. The “Single Music License” approach which is being created by local licensing agencies APRA and PPNZ Music will be made available this week. . Read More

Mobile Gaming Company King.com Eying U.S. IPO
/ September 30, 2013 3:36 pm
Mobile Gaming Company King.com Eying U.S. IPO

Reuters reports that U.K. mobile gaming company King.com Ltd has filed for an IPO in the United States. The company is known for its puzzle game Candy Crush Saga. The company has hired Bank of America Merrill Lynch Corp, Credit Suisse Group AG and JPMorgan Chase & Co to lead the public offering. Currently, the company has 150 games in 14 languages. Read More

Pandora Wins Federal Court Case that Will Lower Royalties It Pays to Some Songwriters
/ September 19, 2013 12:54 pm
Pandora Wins Federal Court Case that Will Lower Royalties It Pays to Some Songwriters

Digitalmusicnews reports that Pandora today announced a victory in a federal court case that will lower the royalties it pays to some songwriters. According to sources, Judge Denise Cote of the U.S. District Court in Manhattan ruled that publishers and songwriters will not be able to strike separate, market-driven deals with Pandora if they are members of a collecting rights society (like ASCAP). . Read More

SoundExchange Sues SiriusXM Over Unpaid Royalties
/ August 27, 2013 11:38 am
SoundExchange Sues SiriusXM Over Unpaid Royalties

SoundExchange, the DC-based non-profit that collects royalties for musicians from satellite radio firms, Internet radio services and cable music channels, said it has filed a suit against SiriusXM seeking to recover what it calls "massive underpayment" of digital royalties over a six-year period. The organization said the satellite radio firm, which has major operations in DC, underpaid by "$50 to $100 million or more" by taking a number of impermissible deductions and exemptions in calculating its royalty payments from 2007-2012. . Read More

Technology Leaders, including Facebook, Launch Internet.org
/ August 21, 2013 1:09 pm
Technology Leaders, including Facebook, Launch Internet.org

Mark Zuckerberg, founder and CEO of Facebook, today announced the launch of internet.org, a global partnership with the goal of making internet access available to the next 5 billion people. "Everything Facebook has done has been about giving all people around the world the power to connect," Zuckerberg said. . Read More

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