Intellectual Property

Music Streaming Overtakes Physical Sales and Downloads for the First TIme

Music Streaming Overtakes Physical Sales and Downloads for the First TIme

According to industry body IFPI’s Global Music Report 2018, revenues from online streaming services like Spotify and Apple Music have overtaken sales from physical media and digital downloads for the first time. IFPI further reported that the global recorded music industry is now enjoying its third year of positive revenue growth because of streaming services, with total recording music revenues rising to 8.1% this year at $17.3 billion. Stu Bergen of the Warner Music Group says that the adoption of paid music streaming services helps the market reach new regions of the world while weaning a generation of music fans […]

IT Council Opposes Tariffs, Urges Trump Administration to Build Alliances

IT Council Opposes Tariffs, Urges Trump Administration to Build Alliances

Last Monday, the Information Technology Industry Council sent a letter to U.S. Treasury Secretary Steven Mnuchin calling the administration to build an international coalition to challenge China’s unfair trade practices, instead of focusing on tariffs. ITIC president Dean Garfield said that while it supports the Trump’s “Section 301” investigation into China’s abuses of intellectual property, they believe that tariffs do not work and instead advocated for a US-led coalition that can travel to China and pressure Beijing into a more “balanced, fair, and reciprocal trade relationship.”      ITIC also said that China has abused its privileges as a WTO member […]

“Trade War” May Hurt China More Than US

“Trade War” May Hurt China More Than US

The managing director of Parry Global Group, an investment services company, told CNBC earlier this week that China may lose more in its escalating “trade war” with the US. Parry predicts that the tariffs announced by US President Donald Trump, which focuses on technology parts and components, could result to job losses in China. He explained that if a company like Apple were to shift assembly in the US, around 350,000 workers can instantly lose their jobs in Zhengzhou. Parry says that while the move may only cause ripples in China, it would be enough to give Trump leverage for […]

Megaupload Founder Sues New Zealand for Damages

Megaupload Founder Sues New Zealand for Damages

Megaupload creator Kim Dotcom is reportedly suing the New Zealand government for damages in relation to his arrest in 2012. The internet entrepreneur said that his business would have been worth $10 billion at present had it not been shut down in a raid by the New Zealand government. Dotcom is seeking damages amounting to $6.8 billion and says that he might also take similar action against the government of Hong Kong. Dotcom’s argues that his extradition warrants which were used in a raid on his mansion were based on Section 131 of the 1994 Copyright Act of New Zealand, […]

Kodak Launches Blockchain-based Image Rights Management, Own Currency

Kodak Launches Blockchain-based Image Rights Management, Own Currency

Kodak recently announced its foray into blockchain technology with the launch of the KodakCoin cryptocurrency. According to the company, its “photo-centric” digital currency will help participating photographers get paid for licensing their work and to sell their work on the KodakOne platform. Kodak CEO Jeff Clarke said that by using blockchain technology, they are able to provide photographers with a digital ledger of rights ownership where they can register and license their work. Clarke added that their platform should give photographers control over their intellectual property rights, and that the blockchain and cryptocurrency buzzwords were “the keys to solving what […]

Spotify Slapped with $1.6 Billion Copyright Lawsuit

Spotify Slapped with $1.6 Billion Copyright Lawsuit

Music streaming giant Spotify was recently sued for allegedly using songs without a license and compensation to music publishers. A company called Wixen Music Publishing Inc. filed the suit which seeks $1.6 billion in damages in a California federal court. Wixen holds exclusive rights to songs such as Free Fallin” by Tom Petty, “Light My Fire” by the Doors, (Girl We Got a) Good Thing by Weezer and works of artists such as Stevie Nicks. Spotify had already paid $43 million in a previous class action lawsuit which alleged that the company had failed to pay royalties for some of […]

New EU Consumer Protection Cooperation Law Includes “Vaguely-worded” Clause on Website Blocking

New EU Consumer Protection Cooperation Law Includes “Vaguely-worded” Clause on Website Blocking

Last Tuesday, the EU passed a new Consumer Protection Cooperation regulation which grants additional powers to the consumer protection agencies in the bloc. However, it also included a vague clause that would allow the agencies to take down websites without judicial review, as explained by EU Parliament member Julia Reda in a post on her blog. According to CPC documents, the regulation is intended as a measure against scam websites or those that violate EU consumer protection laws. However, MEP Reda pointed out that the regulation could be abused since it does not require any mandatory oversight. Opinions on social […]

IEEE Standard Bugs May Compromise Intellectual Property in Plaintext

IEEE Standard Bugs May Compromise Intellectual Property in Plaintext

Researchers from the University of Florida have recently uncovered several vulnerabilities in the IEEE P1735 electronics standard which is used to protect software and hardware from being reverse engineered, and allows them to work with other products while remaining encrypted. The study yielded a number of issues, including one which allows attackers to bypass encryption safeguards and access underlying IP information. Another significant flaw allows attackers to embed trojans using the standard. The researchers published their findings in a paper called “Standardizing Bad Cryptographic Practice” which was published last September. Source: Bleeping Computer

Pirate Bay Users May Have to Mine Cryptocurrency to Keep Using Site

Pirate Bay Users May Have to Mine Cryptocurrency to Keep Using Site

Reports from a few days ago revealed that popular torrent site Pirate Bay had experimented using a cryptocurrency miner on the site’s users. Some of the visitors reported seeing an uptick on their CPU usage, and it was eventually uncovered that the site was using a cryptocurrency miner from Coinhive to mine Monero, a cryptocurrency. The miner has since been taken down, and the operators of the site confirmed that they did it to see if it was a viable source of funds instead of ads. Observers have commented that while the concept of websites using visitor’s space PC power […]

RIAA LAwsuit Shuts Down Youtube-MP3. Org

RIAA LAwsuit Shuts Down Youtube-MP3. Org

As part of the settlement with the Recording Industry Association of America (RIAA), it has been reported that YouTube-MP3.org, considered to be the most popular YouTube ripping site online, will be permanently shut down. The website, which is currently has an Alexa ranking of 335, allowed users to rip MP3 files from YouTube URLs. Because of its popularity, it became a big target for actions against copyright infringement, with plaintiffs including Warner Music, the Universal Music Group, Arista Records, Atlantic Records, Sony, and Elektra launching a lawsuit against the website’s owner Philip Matesanz of PMD Technologies. Experts say that the […]

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