CBC Reports that Canadian torrent site isoHunt has settled with the Music Industry, agreeing to pay $66 Million in damages.
isoHunt founder Gary Fung and isoHunt have agreed in a consent order filed with the Supreme Court of B.C., that they infringed on the copyright of a group of 27 Canadian and international record companies.
They have also agreed to pay $55 million in damages, $10 million in aggravated damages and $1 million in legal costs to settle the lawsuit filed by the music industry in 2010.
The Music Industry commented:
"Music companies in Canada stand shoulder-to-shoulder in the fight against illegitimate sites that distribute massive volumes of creative works without compensation to creators," said Graham Henderson, president and CEO of Music Canada, an industry group that represents Sony Music Entertainment Canada, Universal Music Canada and Warner Music Canada, in a statement announcing the settlements.
"Thousands of Canadian creators, our creative industries, and their employees are directly harmed by these activities. This settlement is a step forward towards providing consumers with a marketplace in which legitimate online music services can thrive."
Fung's own statement can be found at medium.com
In my time with isoHunt for 11 years, I've fought 2 lawsuits. One from Hollywood studios in the US and one from CRIA (Canadian Recording Industry Ass.), aka. Music Canada. During this time, up to isoHunt's shutdown in 2013, I promised that I'd protect isoHunt users' rights and privacy in not disclosing any user data such as email and IP addresses in legal discovery from plaintiffs, which might be used for trolling and extortion.
(Score: 2) by Reziac on Thursday July 28 2016, @03:10AM
Actually there's been at least one study that found an association between piracy and increased sales. We discussed it either here or over at /.
And there is no Alkibiades to come back and save us from ourselves.
(Score: 0) by Anonymous Coward on Thursday July 28 2016, @11:23PM
Here we go again. How many times has that study been replicated? Is there a lot of scientific consensus on the matter? Was the study even scientific to begin with? Don't just pretend like one study or even a few studies proves something. The media does this shit all the time. "Oh, look at this new study that reaches conclusion X! X must be true!" Science isn't so simple.
And I'm not on the side of copyright thugs.