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Technology Stocks : Diamond Multimedia

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To: rob who wrote (4073)2/5/1999 6:44:00 AM
From: Hiram Walker   of 4679
 
rob et all,huge news for Goodnoise and MP3,the Harry Fox Agency has licensed all their music to them.

technews.netscape.com

The Harry Fox Agency has received a lot of attention lately for its shutdown last month of the popular International Lyrics Server, a Web site hosted in Switzerland that published the words to 100,000 songs. The agency, which also shuttered the Online Guitar Archive in June, has been seen as a Big Brother-type enemy of sorts to the often free-wheeling online music community, which has been enthusiastic in its spirit of sharing, but often at the expense of copyright holders who are due licensing fees for the distribution of their property.

Today's announcement "bridges the gap" between the two interests, said Bob Kohn, chairman of GoodNoise.

The copyright law was amended a few years ago to include online music delivery, said Kohn, who authored industry tome Kohn on Music Licensing. GoodNoise, which up until now had to approach the roughly 15,000 music publishers individually to pay the necessary fees, now can pay the Harry Fox Agency the standard 7.1-cent fee for each of the songs it provides for download via the MP3 format. The agency, which represents all the music publishers, distributes the fee and takes a small cut.

Under the agreement, GoodNoise will report the number of downloads of each title from its site or affiliated sites and pay the agency the appropriate fees, the companies said. GoodNoise also will also embed a licensing number, dubbed the "Multimedia Identifier," into every track downloaded from its site, to let customers know that the songs they bought and downloaded hold a license from the publisher. The agency will use the GoodNoise agreement as a model for other companies that want to distribute music online, Kohn said.
MP3 is gaining ground by the minute,its like an army marching through. RIAA has seen its Waterloo,they are dead.
Hiram
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