Hidden Nook

"Because in Cyberspace, no one can hear you scream."


Sunday, March 06, 2005



Kazaa Assets Frozen


[Media Source*]

(Posted on the Blogger News Network)

The assets of Sharman Networks, the maker of the Kazaa peer-to-peer software, have been frozen pending the outcome of a lawsuit brought against the software-maker by the recording industry.


The personal assets of Sharman's directors, including their homes, have also been frozen following the latest legal push. Australia's Federal Court heard the music industry's motion in Sydney on Friday. The assets of Altnet, which licenses technology to Sharman and is a co-respondent in the action brought against Sharman, have also been affected.

Finally it seems like digital justice is being rewarded. Although I do not enjoy paying $20 per CD to the industry, theft of music produced by artists and corporations does not "correct" the wrong of them overpricing it. They need to eat too, and if you don't like it, wait for it to go on sale or see if it is posted on Half.com for crying out loud.

It seems the assets were frozen when Sharman's directors were selling their house and making deals with outsiders. The Music Industry freaked out and after a court order the director's personal assets were frozen. But this may be the beginning of the end for Kazaa.
If the music industry's suit is successful, the assets may be awarded as damages to the music industry.


Following the filing of a motion with Australia's Federal Court, all parties voluntarily agreed to having their assets restricted, Speck said. The directors will be prevented from transferring their personal and business assets offshore before March 22, when Justice Murray Wilcox, the judge hearing the case, returns from vacation. Until then, all identifiable assets will remain frozen.

Although I expect (and hope) that Kazaa lose this case, it will most likely be appealed toward a higher court in Australia. If Kazaa wins these series of court cases though, it would spell doom for the music industry as a whole which would force me to spend hours finding music online listening to unknowns who (for the majority) should take up a day job. Selah.



Deutsch • Español • Français • Italiano • Portugese • 日本語 • 한국 • 汉语






Links to this post:

Create a Link


Comment Policy: Comments posted here do not necessarily reflect the views of this site or the authors, and are the legal responsibility of the original commenter. Intelligent opinions welcome. Comment here.



<< Back Home


By Darnell Clayton • 5:33 PM • Email Post • •

__________________________________________



Site Search

 
Web HiddenNook.blogspot.com


Email Subscription

Enter your email address below to subscribe.


Powered by Google Groups


Button Membership


Net Affiliations



Journalist For



Blog Coalitions



Registered With



Important Information


Blog Stats


View Blog Stats

Plus 10,667 hits before August 12, 2005



Weblog Legalities

Creative Commons License
This work is licensed under a Creative Commons Attribution 2.5 License.

Opinions expressed here do not reflect the views of anyone that I work with, for, or associate with in any manner.




About Me

Brief Bio
Blogger Profile
General Profile
Business Profile
Personal Profile



Daily Reads

• Arabian •
Camera Snapshots
Israelity
Regime Change Iran
Solomonia
Iraq the Model
Israpundit
Under Underground

• Spiritual •
Dhimmi Watch
Evangelical Outpost
God Blog
ID The Future
Jihad Watch
Muslim Wakup! Blog
One True God Blog
Serenity Thru Hope
Trailing Clouds of Glory

• Unique •
The Black Kettle
Gateway Pundit
Hyscience
The Korean Liberator

When Ever

• Corporate •
Blog Pulse
Flickr Blog
Technorati Weblog


• Google •
Blogger Buzz
Blogger Developers Network
Google Analytics
Google Blog
Google Base
Google Talkabout
Google Labs
Google Press
Google Reader Blog
Google Video
Inside AdSense
Inside AdWords
Inside Google Desktop
Inside Google Sitemaps

• GOP •
Alpha Patriot
Cao's Blog
Captain's Quarters
Hugh Hewitt
Michelle Malkin
Expose The Left
Powerline
Right Mom
Right On America
Trey Jackson

• Global •
Kinshasa
Publius Pundit
UN Dispatch


• Tech Web •
Engadget
Gizmodo
Google Rumors
Junto Boyz
Life Hacker
Mini-Microsoft
Pro Blogger
Mark Jen

Blogroll Me!


Family Blogs

Hidden Nook
One Spirit
Darnell
Sol Worlds
Inside Orkut
Blogger Delights
Colony Worlds
Google Your Business

Prior Data



Archives



News Stand

Google News
Ynet News
Muslim Wakeup!
Jerusalem Post
Hatzolah Israel
Jewish Telegraphic Agency
The Christian Post Jerusalem Newswire
Isracast Christianity Today


Blog Engineering

Universal Translator
Antisplog Hack
Navbar Hack
Comlink Hack
Technorati Hack

Extra Credits

Blogger Templates
Darnell Clayton
Blogger