“Russian music site of questionable legality AllOfMP3 may well be close to breathing its last. Credit card companies Visa and Mastercard have stopped accepting credit card transactions for the site,” Mark Mulligan blogs for JupiterResearch.
“AllOfMP3 have persistently sailed as close the wind as is humanly possible and claim legality through some creative interpretation of Russian copyright laws that the music industry refutes,” Mulligan writes.
“Without going into too much detail, the dispute centres around the authority of the new media license granting body in Russia to grant license on behalf of record labels and also around the much smaller license fees paid compared with standard licenses. Though AllOfMP3 claim to be catering for a Russian audience, they have clearly got their sights set on a wider audience and indeed usage is driven from Western Europe and beyond,” Mulligan writes.
Full article here.