RIAA Reaches Out Of Court Settlement With Puretunes
Oct 26, 2004, 12:00 AM
The Recording Industry Association of America (RIAA) announced Monday that Puretunes.com, an online service selling unauthorized music downloads, agreed to an out-of-court settlement of a copyright infringement lawsuit brought last year by the major record companies. As part of the settlement, Sakfield Holding Co., Daniel Rung, Michael Rung, Matthew Rung, and Wayne Rosso are prohibited by a federal court from infringing upon the plaintiffs' copyrights. Also, under the settlement agreement, Sakfield Holding Co. is ordered to pay the major record companies $10 million while the four individuals behind the service must pay a total of $500,000. Major record companies including EMI Music North America, Warner Music Group, Universal Music Group, Sony Music Entertainment, and BMG (now Sony BMG Music Entertainment) sued Sakfield in July 2003 for illegally selling copyrighted music at Puretunes.com.