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Grokster to be acquired by Mashboxx?

19 September 2005 20:50 by James "Dela" Delahunty | 1 comment

Grokster to be acquired by Mashboxx? Grokster Ltd. is reportedly in talks with Mashboxx over the possibility of Mashboxx acquiring the company. The Wall Street Journal cited unnamed sources for the report. Grokster is currently involved in a copyright infringement lawsuit mess after the June ruling by the Supreme Court that ruled under some circumstances, owners and operators of P2P services could be held liable for copyright infringements by third parties.

The Wall Street Journal reports that Mashboxx would most likely work out a revenue-sharing arrangement with Grokster. However, before any deal could be met between the two companies, the lawsuits pending against Grokster by record labels would have to be dropped or settled the sources said. Mashboxx is a new P2P service that will offer legal music downloads and possibly the sharing of music not subject to copyright restrictions.

Mashboxx interestingly is headed by format Grokster president Wayne Rosso. Mashboxx has a deal with Shawn Fanning's SnoCap to facilitate authorized content distribution.

Source:
MontereyHerald.com


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Related articles:

  • Grokster dumps P2P service (7 November 2005)
  • RIAA sends letters to P2P services (15 September 2005)
  • Europe following U.S. Supreme Court 'Grokster' lead (7 August 2005)
  • Mashboxx gets Sony BMG deal (29 June 2005)
  • Supreme Court rules in favour of Metro-Goldwyn-Mayer in P2P case (27 June 2005)
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    thelox714 (Senior Member) 20 September 2005 12:33 Send private message to this user   
    myonly question..

    how much a song? monthly fee?
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