Jari Ketola
11 Aug 2004 12:11
MPAA has announced that it has reached a settlement with the late DVD backup software vendor 321 Studios, which ceased all operations last week.
With the agreement 321 Studios will make a substantial payment to movie industry's anti piracy campaign. The settlement also demands 321 Studios to stop selling its software -- which it already did.
"321 Studios built its business on the flawed premise that it could profit from violating the motion picture studios' copyrights," MPAA CEO Jack Valenti says in a prepared statement. "This is not the end of the story in our massive fight against piracy."
The exact amount of the settlement was not announced.
Source: PCWorld