In Britain, ripping music CDs to transfer songs onto portable media players or mobile phones is an act that runs afoul of the law. Lucky for U.K. residents, government officials are open to overhauling copyright law with an emphasis on common sense, two things that don't always go together. Britain's business secretary Vince Cable said new legislation will make it legal to copy CDs for personal use, which is one of 10 recommendations made in the Hargreaves Report, a six-month independent review into Intellectual Property (IP) led by Professor Ian Hargreavees.
There hasn’t been a lot to report regarding Google’s cloud music service in recent weeks, but Mountain View took a major step today. Google is in the process of rolling out an invite system to the beta Google Music service. Each user will have two invites to give to friends. It is still US-only, but this could be a sign the service is moving toward a real release.
Everyone knows you can't squeeze blood from a turnip, but you might be surprised how much cash you can choke out of LimeWire. The former peer-to-peer file sharing service is the center of another lawsuit, this one by Merlin, a trade group that represents more than 12,000 independent labels. These record companies claim LimeWire founder Mark Gorton reneged on a promise he made in 2008 to pay them for tracks that LimeWire users pirated before going belly-up, and it's time to settle up.
Yet more news on the impending Spotify US launch has surfaced today. This time we’re hearing that the popular music streaming service will be launching soon, possibly even this week, but it will be invite-only to allow the service to scale. Those with preview accounts will have invites to send out, and access will expand from there.
At long last, after months of rumor and innuendo, Spotify is finally coming to the US. The music streaming service has been a huge hit in Europe for the last few years, but US audiences have had to make do with services like Pandora and Rdio. Well, it looks like the licensing deals are in place, and you can sign up for an invite right now.
Much beloved music streaming company Pandora is taking quite a beating in just its second day of public trading. After making its IPO yesterday, the stock price started to inch downward, but today that inching became a free fall. The Stock price fell 24% today to a bit over $13 per share. Additionally, it is still slumping in after hours trading.
In what's starting to become eerily reminiscent of the Dot-com boom that took place in the 1990s, the popular tech companies to today are trending towards going public. LinkedIn started it by soaring 170 percent on its first day of trading, which no doubt prompted Groupon to file for a $750 million IPO. Now Pandora wants in on the action and has filed for a comparatively modest $109.5 million IPO.
According to our favorite people, "sources close to the deal", Facebook has partnered with Spotify to bring its music streaming service to American shores. The service will be integrated with the Facebook website right in the news feed. The real kicker here, the service could launch in as little as two weeks.
Have you gotten your invite yet? No, not the one to the party, but to Google's Music Beta service. Don't hang your head and pout if you haven't received yours yet, it will probably arrive soon, assuming you requested one in the first place. Word on the web is that Google has begun sending out invites to us regular folk, opening up the beta service to non-Xoom owners.
Battered and beaten up in court, peer-to-peer file sharing service LimeWire has agreed to pay $105 million in damages to major record labels, the Recording Industry Association of America announced. The settlement ends a jury trial that began last week to determine the amount of damages LimeWire would owe, which could have ended up being 10 times the amount of the settlement, or more.