Diamond Multimedia Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Diamond Multimedia

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Davis who wrote (4434)	6/15/1999 3:59:00 PM
From: i101	Read Replies (1) of 4679

SAN FRANCISCO (CBS.MW) -- A federal appeals court ruled Tuesday the popular but controversial MP3 audio player made by Diamond Multimedia should be free from restrictions on personal use, weakening the recording industry's battle to rein in the money-losing explosion of music being downloaded off the Internet.The industry had predicted losses from what they called Internet piracy will soon surpass $300 million that is lost each year in other forms of copyright infringement. In suing Diamond Multimedia (DIMD: news, msgs), the industry argued that the company's Rio player shouldn't be protected under the 1992 federal law that allows people to record music for non-commercial use. "In fact, the Rio's operation is entirely consistent with the Act's main purpose -- the facilitation of personal use," the three-judge panel wrote in its opinion. The case was brought by Recording Industry Association of America, which represents about a half-dozen companies that control some 90 percent of the CD's and tapes distributed in the United States. Diamond's Rio can generally can hold up to an hour of downloaded music.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next