November 8, 2005
Grokster Goes Away (For Now)
Grokster has agreed to shut down as part of a settlement with the RIAAand the MPAA. The file sharing company agreed to stop participating in the theft of copyrighted files, to stop giving away its software, and to pay $50 million in cash. The Supreme Court ruled against Grokster in June of this year.
This will not be the end for the brand name, however. There are plans to launch a legal version of Grokster that would charge for legal downloads.
More on this from the Associated Press via the San Jose Mercury News.
November 8, 2005 | Permalink
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