Earlier we reported that weblisten.com seemed to have problems with the legal fees it had to pay to offer unrestricted music downloads on their website. The Spanish company behind it seemed not to own the rights to distribute the music and old contracts signed with the music industry seemed not valid.
Now the company has announced it has payed €185,000 royalty payments to the copyright holders of the tracks used in its pay music services and is now in accordance with the applicable laws governing in Spain
All amounts payable with respect to such rights are, in accordance with the applicable laws governing in Spain, paid to three the management companies which protect the rights of authors and editors (SGAE), artists and singers (AIE) and record labels (AGEDI). |
Founded in late 1997, Weblisten.com has ever since respected intellectual property rights. Presently, demand for its services comes mainly from Europe. Spanish subscribers are the most active, representing 60% of all subscribers as compared to 20% from Northern European countries, 10% from Germany and 10% from Australia and the United States.
This year, the rate of increase in terms of turnover for subscriber services is estimated at 60% with respect to previous year, in an amount of nearly €325,000, which the company considers more than acceptable in view of the existing unfaithful competition by free exchange services.
Source: Mi2n.com
