Scour Slams Door on Exchange

Share this article:
Online file-sharing service Scour will likely slam the door this afternoon on its popular Scour Exchange network.


The decision was announced late Tuesday after U.S. Bankruptcy Court granted the company's motion to disable the network. It is part of an effort to resolve pending litigation and hasten the sale of its assets, a Scour spokeswoman said.


Scour president Dan Rodrigues noted the positives in a prepared statement.


"We believe our unilateral decision to take down the Exchange will facilitate a resolution of the copyright infringement litigation pending against Scour," Rodrigues said. "In addition, we expect the shutdown of the Exchange to facilitate a sale of Scour's assets, which will maximize creditor recovery."


Listen.com announced on Nov. 1 its intent to purchase Scour's technology assets for $5 million in cash and 500,000 shares of stock. File-sharing software developer CenterSpan Communications reported Tuesday that it also would submit a bid for Scour's assets. Scour has said it would consider bids for its assets until Dec. 12.


The National Music Publishers' Association, the Motion Picture Association of America and the Recording Industry Association of America have sued Scour. Mass copyright infringement charges forced the company to file for bankruptcy protection.


Ironically, the company still touts itself as the world's leading Internet search destination for digital entertainment.


Nearly 149,000 users, sharing about 15 million media files, were connected to the decentralized network yesterday afternoon.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Hallmark Takes Baby Steps to a New Brand

Hallmark Takes Baby Steps to a New Brand

The company relied on digital to get its growing children's apparel brand off of the ground.

One Third of Americans' Social Media Time Is Spent on Facebook

One Third of Americans' Social Media Time Is ...

Pandora, meanwhile, attracts more user time but far fewer digital advertisng dollars, says a study.

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

Robert Thomson warns the EU that an antitrust deal with Google will lead to a decrease in competitive options for marketers and an increase in piracy.