China To Get A Legal Music Service
April 6, 2011 at 4:20 AM (PT)
CHINA's top search engine, BAIDU, will launch a licensed music search service in MAY, reports REUTERS which writes "BAIDU TING will allow users to stream, download, create libraries of licensed music and will have a social-networking aspect."
The move is good news to major record labels, as there is severe music piracy in CHINA, that has cost the labels hundreds of millions in profits.
"Our members want to partner with and invest in CHINA's digital revolution, but they cannot do so while the music service run by the dominant Internet company, BAIDU, facilitates infringement of the rights of artists and creators online," said the INTERNATIONAL FEDERATION OF THE PHONOGRAPHIC INDUSTRY.
"Last week, BAIDU said it reached an agreement with the MUSIC COPYRIGHT SOCIETY OF CHINA (MCSC) to pay fees to MCSC for every song downloaded using BAIDU TING," wrote REUTERS. BAIDU TING will be supported by advertising.