The downfall also coincides with U.S. District Judge Jed Rakoff's summary judgment Tuesday against MP3.com in a copyright suit brought by independent label TVT (hitsdailydouble.com, 3/6).
Rakoff ruled Tuesday that MP3.com infringed upon copyrights owned by TVT's Tee Vee Toons by making unauthorized copies of Tee Vee songs for distribution on its My.MP3.com service.
MP3.com argued that Tee Vee, unlike the major record labels, offered free downloads of its music on its website and thus wasn't harmed by MP3.com's service.
At the close of Nasdaq trading Tuesday, shares of MP3.com fell 47 cents, or 14%, to $2.88.
THE COUNT: ALL THE DESERT'S A STAGE
The dust settles on the Indio Polo Grounds. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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