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Ex-MP3tunes chief hit with estimated $41 million copyright verdict

27
Mar
2014

By Nate Raymond NEW YORK (Reuters) – The former chief executive of defunct online music storage firm MP3tunes was ordered to pay an estimated $41 million on Wednesday after being found liable for infringing copyrights owned by record companies and music publishers once part of EMI Group Ltd. Lawyers for Michael Robertson and the EMI companies are expected to take until next Tuesday to figure out exactly how much money was awarded in the complex, lengthy verdict issued by the federal jury in Manhattan. The verdict came a week after the same jury found Robertson and the bankrupt company liable on various copyright infringement claims. Sony/ATV Music Publishing commends the jury on their careful consideration of the facts and their decision in the MP3Tunes.com case, Martin Bandier, chairman and chief executive of Sony/ATV Music Publishing, said in a statement. We will continue to vigorously pursue action against those who have disregarded the copyright laws of the works entrusted in our care. Founded in 2005 initially as a website selling independent musicians songs, San Diego-based MP3tunes came to be known for its so-called cloud music service that allowed users to store music in online lockers.

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