James Delahunty
10 Mar 2007 20:30
Bolt.com and Vivendi SA unit Universal Music Group have said they've reached an out of court, multimillion dollar settlement, resolving a lawsuit brought against Bolt in October 2006. UMG claimed that Bolt.com allowed its users to share music videos and other copyrighted material without permission and without compensating copyright holders. The financial terms of the settlement were not disclosed.
Bolt has also agreed to implement filter technology to block UMG videos and other content from being posted on the site, within 60 days. New York-based Bolt will be acquired by GoFish Corp., which has been a licensed partner of UMG for the last two years. UMG also filed a lawsuit against Sony Corp's Grouper.com back in October.
At the time, Bolt claimed that it had always complied with copyright holders requests to take down videos. User-generated video sites like Grouper and YouTube are currently in the spotlight for copyright infringement, as users have posted literally millions of unauthorized clips.
Source:
International Herald Tribune