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MP3.com loses copyright process

MP3.com loses copyright process

MP3.com suffered severe defeat in the latest copyright lawsuit against Universal and was sentenced by the New York court to pay $ 25,000 for each Universal CD stored on my.mp3.com for willful breach of copyright .

Experts in the music industry estimate that around 10,000 of the 65,000 CDs stored at my.mp3 belong to Universal Music, which corresponds to a fine of 250 million US dollars. Mp3 has of course announced that it will appeal. The share price has meanwhile made an excursion of around 15% down.

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