iMesh Reaches Resolution With Recording Industry
iMesh, the pioneer of peer-to-peer (P2P) file-sharing networks, announced that it has reached a resolution with leading record labels who filed a lawsuit in September 2003. The record labels alleged that the company contributed to digital copyright infringements taking place on the iMesh network.
"Entering into this agreement with key players within the entertainment industry to put the lawsuit behind us will allow us the opportunity to migrate to a business model that will continue to provide users with the P2P experience that they have come to expect from iMesh," said Ofer Shabtai Chief Operating Officer at iMesh. "iMesh plans to transform the way consumers share media online and we are excited about the prospect of working together with the entertainment industry as we usher in this new era of P2P file sharing."
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