COPYRIGHT
Record Labels, Internet

South Korea’s largest music streaming site www.bugs.co.kr will have up to 20,000 songs reinstated on its service. Bugs Music said that it has reached an agreement with the Korean Association of Phonogram Producers (KAPP), the lobby group representing about half of the music industry, on long-standing copyright rows. This means Korean music enthusiasts will be able to enjoy 20,000 songs, of which the KAPP retains copyrights, at Bugs’ Web site. Currently, Bugs is prevented from providing some 40,000 songs to its users. The KAPP holds copyrights for around 50 percent of the titles, with non-member recording labels owning the remaining half. The KAPP and other recording labels brought Bugs to court last year citing the firm’s unauthorised use of copyrighted songs with the court proposing a settlement of 2.22 billion won. The music industry initially opposed the mediation, saying Bugs earned much more by using their songs but the KAPP later changed its stance and accepted the proposal. However, non-KAPP member firms remained steadfast in rebuffing the offer, claiming the compensation amount should surpass 100 billion won. According to local Internet market research firm Metrix Corp. Bugs was the fifth most visited site in Korea with a total of 12.8 million users logged on in August.

See : http://times.hankooki.com/lpage/200408/kt2004082717245553460.htm