UNIVERSAL RECORDS unleashes "LEGAL JIHAD" against streaming site GROOVESHARK 730 Mill $ fine

[KENNY DA COOKER]

It's been five years since the Universal Music Group first brought its legal team against Grooveshark, a music streaming site. Now it looks like the defendant will pay a dramatic amount, approaching a billion dollars in fines. Universal had looked to make an example out of the relatively small site, claiming that it would unleash "legal jihad" on the company, and it looks as if they aim to follow through

That's the kind of thing that shuts a streaming site of Grooveshark's scope down, and deters other small investors from entering the market. What's worse is if other major labels take a hint from Universal's success and bring their own lawsuits against Grooveshark.

http://www.musictimes.com/articles/...ion-universal-music-group-lawsuit-damages.htm



The owner of notorious streaming site Grooveshark, Escape Media, will come face-to-face with Universal Music Group in court today – facing the possibility of paying damages costing more than $736m.

New York District Court Judge Thomas Griesa previously ordered that Grooveshark is potentially liable for statutory damages related to thousands of tracks uploaded onto the site by its employees.

Grooveshark founders Sam Tarantino and Josh Greenberg are joint and severally liable for whatever copyright infringement a statutory damages trial may find them guilty of in the coming days.

By targeting those running the site, rather than fans who uploaded material, UMG is attempting to prove ‘willful infringements’.

This tactic could amount to a whopping bill for Tarantino and Greenberg: a jury in New York today will be informed that the maximum statutory damages is $150,000 per infringed work.

The reason the plaintiffs (UMG) have pushed for this undertaking is because any willful copyright infringement costs significantly more in damages than a standard infringement.

http://www.musicbusinessworldwide.c...-payout-as-universal-damages-trial-kicks-off/

 

[BeetAficionado]

Good God.

 

[Wepa Man]

fukk is going on with music?

 

[JayGatsby]

he best dig deep in his family tree and hope he is related to Quentin

 

[Mac Casper]

Good luck Tarantino and Greenberg Apparently the jew membership didn't help

 

[KENNY DA COOKER]

fukk is going on with music?

that streaming music revenue is like COKE MONEY to these major labels......

somebody's got to die

 

[tybo]

*Removes GrooveShark from favorites list*

 

[Mac Casper]

UMG is invested in Tidal right?

 

[KENNY DA COOKER]

UMG is invested in Tidal right?

Yup...

Universal is on some Frank White shyt.....they want in on any piece of the action

UMG and Warner Music Group, two of the three major music companies, have negotiated minority stakes in the business. They have also struck licensing deals that will ensure their music is available on the service.

http://www.ft.com/cms/s/2/229919ea-d994-11e4-8ed9-00144feab7de.html#axzz3YY3707py

 

[Wild self]

Man, Universal got in the digital game too late. They need to die off.

 

[Turbulent]

might be a dumb question but if they would have formed a corporation, would they have been personally liable or would only the corporation be liable?

 

[Young/Nacho\Drawz]

Yup...

Universal is on some Frank White shyt.....they want in on any piece of the action

UMG and Warner Music Group, two of the three major music companies, have negotiated minority stakes in the business. They have also struck licensing deals that will ensure their music is available on the service.

http://www.ft.com/cms/s/2/229919ea-d994-11e4-8ed9-00144feab7de.html#axzz3YY3707py

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“To have a kingpin around subscription, and someone who really understands content within Apple, we feel very positive about that,” said Lucian Grainge, the chairman of Universal Music. Universal acquired a 14 percent stake in Beats by allowing Mr. Iovine to pursue the company, a share that will net the label more than $400 million."
http://www.nytimes.com/2014/05/29/b...-of-beats-lends-apple-a-skilled-ear.html?_r=0

This Beats vs. Tidal narrative is similar to 50 Cent vs. Kayne back in the day. When it's all said and done with the same people who won then by raising awareness of each others brand through contrived competition, will win again.

http://www.thecoli.com/posts/12961071/

 

[Young/Nacho\Drawz]

might be a dumb question but if they would have formed a corporation, would they have been personally liable or would only the corporation be liable?

If you form a limited liability corporation aka LLC then you can't be as personally liable from your business. When you form a corporation you are creating a artificial person.

 

[Turbulent]

If you form a limited liability corporation aka LLC then you can't be as personally liable from your business. When you form a corporation you are creating a artificial person.

so they would have been safe if they would have done that. sucks for them...

 

[fundz]

Where am I going to stream Reasonable Doubt now?