- Jul 29, 2001
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This is good news for our economy since Hollywood/NewYork is the world leader in entertainment. Lock the ports if you got kids.
The music industry -- meaning the four major labels, Universal Music Group, Warner Music Group, EMI Group PLC and the newly merged Sony Music Entertainment and BMG Entertainment -- has filed nearly 6,000 lawsuits against users, typically settling for less than $5,000 each.
Within two months of the first lawsuits, the number of unique users on Kazaa -- the Internet's largest P2P service and the prime spot for music-sharing -- dropped by half, according to Nielsen//NetRatings, from 7 million users per week to 3 million per week.
And now MPAA's Glickman is jumping on-board
The suits are the first major act of Glickman's new tenure and mark a fundamental split in philosophy from Valenti, who found filing suits against potential customers, as the Recording Industry Association of America has done, distasteful.