BearShare P2P Goes Legit
iMesh on Thursday said it was set to launch a beta of a new version of BearShare, the peer-to-peer (P2P) file-sharing network that’s run afoul of the recording industry in the past. BearShare, which iMesh acquired in May, is the latest P2P service to go legit.The new service, dubbed BearShare 6.0 “will offer consumers a compelling service inclusive of the traditional benefits common to the P2P file-sharing experience, while assuring compensation to registered rightsholders,” iMesh said in a statement Thursday.
Last year, the Recording Industry Association of America (RIAA) sent cease-and-desist demands to a number of P2P services, including BearShare, Kazaa, Limewire, and eDonkey. In May 2006, iMesh/BearShare paid the RIAA $30 million to avoid piracy lawsuits. In 2004, iMesh had forked over $4.1 million in a settlement with the RIAA. (Last month, Kazaa settled with the association to the tune of $115 million.)
http://www.techweb.com/wire/ebiz/192201720

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