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The Pirate Bay founders sentenced

Jeremy — Sat, 18 Apr 2009 17:09:56 +0000

Accused of enabling peer to peer file sharing of copyrighted material, the founders of The Pirate Bay (a bit torrent search website) have been sentenced by Swedish Judge Thomas Nordstrom. Fredrik Neij, Gottfrid Svartolm Warg, Peter Sunde Kolmisoppi and Car Lundstrom were sentenced to one year in jail and have to pay $4.5 million to Sony Music Entertainment, Columbia Pictures and Warner Brothers.

There were 23 music files four movies and one tv show selected for the lawsuit.

“It’s so bizarre that we were convicted at all and it’s even more bizarre that we were [convicted] as a team,” Sunde, told the BBC. “We can’t pay and we wouldn’t pay. Even if I had the money I would rather burn everything I owned, and I wouldn’t even give them the ashes.”

The men plan on appealing the decision.

Sony BMG will be just Sony again.

Jeremy — Tue, 05 Aug 2008 17:48:50 +0000

Once upon a time in 2004 Bertelsmann Music Group (Known as BMG) bought a 50% share in Sony Music Entertainment. From that point on Sony was known as Sony BMG and they held a 21.5% share in the global music industry.

Today Bertelsmann and Sony released a statement saying that Bertelsmann would sell their 50% share in the company so Sony would have full ownership of the company again.

The $900 million deal is expected to be finalized by the end of the year.

In 2004 before the original deal was reached between Sony and BMG, the music industry had “big 5″ labels. After the deal, there were only 4.

Once the new deal is finalized with BMG, Sony will be comprised of many record companies including: Arista Records, Columbia Records, Epic Records, J Records, Jive Records, RCA Records, and Zomba.