Baidu’s Digital Music Deal Ends Legal Bout In China
Chinese search engine Baidu Inc. signed a digital music distribution deal in China with a company backed by Universal Music, Warner Music, and Sony Music.
Baidu inked the deal with One-Stop China, a joint venture created by Universal Music, Warner Music, and Sony Music. The new partnership was accompanied by a conciliation agreement, endorsed by the Beijing High People’s Court, that ended outstanding litigation between the three record companies and Baidu.
OSC shareholders will reportedly license to Baidu their catalogues and upcoming new releases, including Chinese songs and international tracks, which can be streamed or downloaded from Baidu’s servers.
Under the terms of the deal, Baidu will reportedly remunerate music content owners on a per-play and per-download basis for all tracks delivered through the Baidu MP3 Search service, as well as Baidu’s newly launched social music platform, ting. The new product offers users the capability to discover and share music and music-related content. Specific financial details were not yet released.
Related Links:Find more stories about: Baidu, Beijing, court, digital music, download, joint venture, JV, MP3, music, One-Stop China, search engine, Sony Music, Universal Music, Warner Music
source : www.chinatechnews.com
Related News:
- As immigration case goes before high court, what it means for 2012
- Americans Aren’t Learning to Like ObamaCare
- Carbon tax unconstitutional: legal expert
- Three Roads From the Supreme Court
- B.C. anesthesiologists barred from taking job action
- Supreme Court expresses skepticism over constitutionality of health care mandate
- Court signals it will decide constitutionality of health care mandate
- $27B tobacco lawsuit headed for Quebec court
- Supreme Court to hear HIV disclosure case
- Unsafe asbestos handling leads to 60-day jail term
Details :
Submited at Tuesday, July 19th, 2011 at 3:00 pm on Technologies by madison
Comment RSS 2.0 - leave a comment - trackback