News Brief: More MySpace Losses, Sony Blames Anonymous, LimeWire Fights Back & More

  • MySpace Losses Continue - In a new News Corp earnings report, the “other” group that includes MySpace reported losses of $165 million “primarily due to increased losses at Myspace, stemming largely from lower advertising and search revenues partially offset by lower operating expenses.” (MediaMemo)
  • Sony is blaming hackers Anonymous for the two week shutdown of their network: "We discovered that the intruders had planted a file on one of our Sony Online Entertainment servers named “Anonymous” with the words: We are Legion.”
  • LimeWire strikes back in court against RIAA - Free music is here to stay and punishing Lime Wire founder Mark Gorton for that fact is unjust, Gorton's lawyers said in court. (CNet)

MORE:

  • CNET’s Download.com sued over LimeWire downloads - CNET and parent company CBS are being sued for their role in distributing LimeWire and other P2P software. The massive lawsuit is being brought by eccentric billionaire and FilmOn founder Alki David, who’s backed by a collection of rappers and R&B groups. (TorrentFreak)
  • Apple updated its software yesterday to fix the controversial tracking feature.  
  • Facebook and Google are reportedly considering buying or doing major deals with Skype. (Reuters)
  • Meeting Reminders: The 8th edition of the popular one day SF Music Tech Summit will be held this coming Monday May 9th and NARM holds an Artist Manager Town Hall Meeting the next day, May 10th in LA.
  • RapidShare starts selling games. Are movies and music next? (Gigaom)
  • R.I.P. veteran music industry executive Jay Perloff.  He as 53.


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