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

Sponsor

Recent Reviews

Patriot Supersonic Rage XT 128GB USB drive

USB thumb drives are getting larger by the day, their growth speeding along with the availability and expansion of memory chips. But h ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Sponsor

toggle

Most Commented

 
toggle

Popular News