In Case You Missed It: Reading Recap
Court Rules Against Limewire in Copyright Infringement Case
A big week for Terra Firma boss Guy Hands, as numerous reports revealed that the firm was able to raise the needed 105 million pounds to keep control of EMI. The new injection of funds will keep the music company under the control of the investment firm for another year… A federal court ruled against file-sharing service Limewire in a copyright infringement case; its founder Mark Gorton may be held personally liable as well… Elsewhere, the latest Pirate Bay bidder has tapped TAG Strategic’s Ted Cohen to help facilitate the deal… Universal Music Group dropped it’s lawsuit against Project Playlist (now Playlist.com)… American Idol creator Simon Fuller announced he has been responsible for 160 million downloads via iTunes… And the Apple rumor mill is churning with speculation that a streaming music service will be announced at the Worldwide Developers conference on June 7th…
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