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On Wednesday, a U.S. district court rules that AOL, Yahoo, and RealNetworks must pay a percentage of their revenues derived from music-oriented services to the American Society of Composers, Artists, and Publishers (ASCAP).
However, the three companies were unable to agree on the rates owed the songwriters, and so a court stepped in and now the payments owed by the three companies may equal $100 million. | |||||||
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(May 4th) (
