Wednesday, July 05, 2006

Several Record companies have filed suite against Yahoo China (operated by Alibaba.com) for providing links on its website to illegally copy music from non affiliated sites. The litigation process has begun as the major record companies are seeking and anticipating a large compensation for loss of profit. A new Chinese law took effect on Saturday that will fine any distributor found guilty of distributing music, movies and any other material over the internet subject to fines as much as 100,000 Yuan, tens of millions US dollars. Yahoo China is attempting to settle out of court, but has yet to reach an agreement with the multiple companies suing.

“About 90 percent of all recordings in China are illegal, with sales of pirated
music worth about US$400 million annually, according to the International
Phonographic Federation”.


http://www.ecommercetimes.com/story/51559.html

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