“Time Warner Inc’s AOL unit, RealNetworks and Yahoo Inc could stand to pay up to $100 million in royalties owed to thousands of songwriters and publishers, after a federal judge established a formula for determining the payments,” Eric Auchard reports for Reuters.
“The move could force the three online services to pay royalties to the American Society of Composers, Authors and Publishers (ASCAP) worth 2.5 percent of their music revenue dating back to 2002, ASCAP said,” Auchard reports.
“But Bob Kimball, the general counsel for defendant RealNetworks, said the federal court ruling provided only a framework for talks on potential royalties. ‘This is a long way from being over,’ Kimball said. ‘To be clear, the court did not award $100 million in royalties,'” Auchard reports. “He said an extended appeals process was likely once the trial court decision is final.”
Full article here.
[Thanks to MacDailyNews Reader “Eric” for the heads up.]
Gee, maybe Rob Glaser should sue Microsot again?
