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Grooveshark Shuts Down
An anonymous reader writes: Grooveshark, one of the most popular music streaming websites, has announced that they are shutting down immediately. Several lawsuits from the record companies pushed the company out of business. In a notice posted on the Grooveshark website, its two founders said, "[D]espite best of intentions, we made very serious mistakes. We failed to secure licenses from rights holders for the vast amount of music on the service. That was wrong. We apologize. Without reservation." All of their music has been deleted, and the site itself now belongs to the record companies.
NewYorkCountryLawyer adds that according to the settlement (PDF), Grooveshark must pay $50 million, but no money judgment has been entered against individual defendants.
strike once again.
You fundamentally fail to understand intellectually property rights.
I suppose you think it's cool to just check a book out of the library and then scan it in or copy it on a copier, THEN read it?
This is denying the author revenues they are entitled to. And don't start with the digital copy bullshit. You are paying to experience the author's story. The cost of the paper and distribution is incidental.
I just don't believe you people. Are you the same people that feel it's OK to loot just because someone suffered an injustice?