Printed from http://www.electronista.com

AllOfMP3 to become legal through buyout?

updated 01:20 pm EST, Fri January 26, 2007

AllOfMP3 Buyout Claims

Infamous online music store AllOfMP3 maybe subverted through a corporate buyout, according to a report today by the research firm Music Ally. The analysts indicate that an as yet unnamed "influential and wealthy" Russian tycoon has been pursuing the direct download shop and intends to legitimize its often questionable licensing scheme by taking control of the company. The businessman is working on behalf of music labels and publishers that believe AllOfMP3's extremely low-priced downloads skirt the edges of its home territory's law, Music Ally's researchers claim. If successful, the takeover would be followed by new licensing deals obtained directly from the labels themselves.

The website has been the subject of intense legal pressure in recent months, which culminated in a large-scale lawsuit filed in the US this December. AllOfMP3 has repeatedly shaken off these attempts, indicating that it received its song licenses legitimately through a separate Russian agency.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Advertisement

toggle

Most Commented

 
toggle

Popular News