Comment Re:Intersting take (Score 3, Interesting) 75
Sep 7, 2000 A federal judge Wednesday ordered MP3.com to pay as much as $250 million to Universal Music Group for violating the record company's copyrights by making thousands of CDs available for listening over the Internet.
U.S. District Judge Jed S. Rakoff punished the online music-sharing service at $25,000 per CD, saying it was necessary to send a message to Internet companies.
Universal Music Group, the world's largest record company, had urged a stiff penalty in a case closely watched by Napster and other businesses that share music or other copyrighted material over the Internet.
The judge said some Internet companies "may have a misconception that, because their technology is somewhat novel, they are somehow immune from the ordinary applications of laws of the United States, including copyright law."
He added: "They need to understand that the law's domain knows no such limits."
MP3.com said it will appeal. The company had argued that a penalty of any more than $500 per CD would be a virtual "death sentence."
Shares of MP3.com were halted before the decision; the most recent trade was at $7.88 per share, down 68.8 cents on the Nasdaq Stock Market. https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fwww.utdailybeacon.com%2F...
Imagine $25k per infringement against Meta? Neither can I. They probably lobbied and had the law changed. Or the judge doesn't want to crash the stock market (who doesn't hold meta stock directly or indirectly).