P2P foregoes label deals

May 2003
Hollywood Reporter -- International Edition;5/27/2003, Vol. 378 Issue 41, p73
Music industry lawyers have aimed on a peer to peer service called Puretunes, which launched Tuesday. The Madrid, Spain-based company sells music downloads under licensing agreements it holds with Spanish trade associations but not with the labels. Artists, performers, composers and producers will receive royalties as they are collected and distributed by the Sociedad General de Aurores y Editores and the Asociacion de Artistas, Interpretes y Ejecutantes, which puts it into compliance with Spain's Law of Intellectual Property, company spokeswoman Kefly O' Neil said. The International Federation of the Phonographic Industry (IFPI) doesn't share that view. The RIAA, which is affiliated with IFPI, said the international organization was taking the lead regarding Puretunes.


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