AOL, Yahoo, RealNetworks hit with $100 million royalties tab after court ruling

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AOL, Yahoo, RealNetworks hit with $100 million royalties tab after court ruling

05-02-2008, 10:10 AM,

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mandy Offline

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AOL, Yahoo, RealNetworks hit with $100 million royalties tab after court ruling

Quote:A federal judge has established a framework that determines the licensing fee amounts three online services -- Yahoo (Nasdaq: YHOO), AOL and RealNetworks -- should pay to the American Society of Composers, Authors and Publishers (ASCAP).

The fees could amount to US$100 million, according to ASCAP, and will be paid to members whose music users have streamed over a seven-year period. The music industry trade group has claimed that its members have not been duly compensated for music streamed over the three services.

The 153-page decision by U.S. District Judge William Conner of New York covers license fees between July 1, 2002, and Dec. 31, 2009...

full article: http://ecommercetimes.com/story/Court-Hi...62833.html

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