Rather than embracing technology, they have chosen a path that will ultimately lead to their own demise, as evidenced by the labels consistent decline over the past decade. Litigation is in itself not a valid business model for them, however, it has been a dogged and futile pursuit of theirs since the advent of P2P.
Madrid, Spain (PRWEB) June 5, 2008
MP2P Technologies (http://www.mp2p.net/) announced today that it has been served with a lawsuit from what remains of the four major record labels. The lawsuit, WARNER MUSIC SPAIN S.A., UNIVERSAL MUSIC SPAIN, S.A., EMI MUSIC SPAIN, S.A., SONY BMG MUSIC ENTERTAINMENT, S.A., PRODUCTORES DE MUSICA EN ESPANA (PROMUSICAE) v. PABLO SOTO BRAVO, OPTISOFT, S.L., PIOLET NETWORKS, S.L., MP2P TECHNOLOGIES, S.A. (filed in Madrid Court for Commercial Matters # 2807910001898), seeks $20mm in alleged damages from the technology upstart.
"We intend to vigorously defend ourselves against this shake down attempt by the major label cabal," said Pablo Soto, founder and CEO of MP2P Technologies. "Rather than embracing technology, they have chosen a path that will ultimately lead to their own demise, as evidenced by the labels consistent decline over the past decade. Litigation is in itself not a valid business model for them, however, it has been a dogged and futile pursuit of theirs since the advent of P2P."
"PROMUSICAE (Spanish branch of the IFPI; international arm of the RIAA) tried to proceed with civil suits against users of P2P networks in Spain and, after being halted by the Court of Justice of the EU, it has now decided to go against a neutral communication tool such as P2P technology," added Soto.
Pablo Soto is considered one of the pioneers of P2P, together with other distinguished luminaries such as Justin Frankel (Gnutella) and Shawn Fanning (Napster). He is a frequent panelist at national and international forums and serves from time to time as a visiting professor at the University of Valencia and the University of the Basque Country. His progressive accomplishments in technology have garnered worldwide press recognition, including CNN, The New York Times, Reuters, AP, USA Today, C/Net, Rolling Stone, CBS News, San Jose Mercury News, among many others.
About MP2P Technologies
MP2P Technologies' software offerings have been downloaded millions of times by scores of people from around the globe. Founded by renowned technology developer Pablo Soto in 2000, MP2P Technologies today remains a leader in the P2P sector and consumer technology. MP2P Technologies is headquartered in Madrid, Spain. For more information, visit http://www.mp2p.net.
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