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iMesh Convinced By RIAA To Give Up







iMesh Convinced By RIAA To Give Up

iMesh Convinced By RIAA To Give Up 07/20/2004 09:38 PM

This one seems quite strange. Despite pretty clear rulings in other cases that would seem to apply to iMesh, the file sharing company has given in concerning a lawsuit from the RIAA, agreeing to pay $4.1 million and to change their business model to one that doesn't involve file sharing anymore. The company has already changed their name to Bridgemar Services, and Mitch Bainwol of the RIAA is already trumpeting how this bulldozing of a perfectly legal offering is somehow "more constructive" than companies like Streamcast and Grokster standing up for their legal rights to offer an application that has both infringing and non-infringing uses. It seems very strange that iMesh decided to give in, and since they give no info on this new business model, it remains to be seen if there's more to this story, or if the company is simply giving up altogether.




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