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P2P companies seek pact with music industry

Deals with the devil
Tue Sep 20 2005, 18:19
UP TO five online file sharing companies are in negotiations with music industry executives to turn their free networks into ones that pay.

According to the New York Times, the discussions follow the recent Supreme Court ruling against Grokster. Grokster has been named as one of the companies most likely to reach a deal soon.

Apparently Grokster has agreed to be bought by Mashboxx, a new company backed by Sony that is trying to start a legal file-sharing service.

Mashboxx has also offered to buy eDonkey, Morpheus and LimeWire, but nothing is moving much in the negotion front in that area.

Imesh, which has made a deal with the music industry is also talking through a few deals to buy some the other file sharing services, on the condition that they settle their differences with the recording industry first.

That's how the cookie seems to crumble, here. ยต


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