InvestorsHub Logo
Followers 2
Posts 1209
Boards Moderated 0
Alias Born 03/28/2001

Re: None

Thursday, 05/24/2001 3:52:23 PM

Thursday, May 24, 2001 3:52:23 PM

Post# of 93821
AIMSTER BEING SUED BY RIAA
Sorry about all of the other stuff with the first post. Here is the beef..........

Thursday May 24 3:41 PM ET
Record Companies Sue File-Sharing Program Aimster
LOS ANGELES (Reuters) - The recording industry on Thursday filed a copyright infringement lawsuit against Aimster, a Napster (news - web sites)-like file-sharing program that piggybacks on an instant messaging service run by AOL Time Warner Inc. (NYSE:AOL - news).

The suit was filed in federal court in Manhattan on behalf of major record labels including Vivendi Universal's (EAUG.PA) Universal Music, Sony Music (6758.T), EMI Group Plc (news - web sites) (EMI.L) and Bertelsmann AG (news - web sites)'s (BTGGga.D) BMG, a lawyer for the industry said.

A source close to the lawsuit said that major movie companies are expected to file their own suit against Aimster later in the day. The record industry won a court injunction in March against Napster, which lets users swap songs for free.

``Aimster is just like Napster. The big difference between the two is that Aimster also allows you to get movies, software and pictures,'' said recording industry lawyer Matt Oppenheim.

He added that the legal action in New York will seek a Napster-like injunction to bar Aimster users from trading in copyrighted materials.



Ya gotta love it, pal.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.