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August 01, 2005

ArtistDirect Purchases MediaDefender For $42.5 Million

Slyck: ArtistDirect, the online indie-music network/retailer, has bought out MediaDefender, a anti-piracy solutions company, for $42.5 million. MediaDefender develops software for detecting illegal file trading and is used on P2P networks. ArtistDirect now plans to offer the MediaDefender technology for protecting videos, computer games, software, and e-books too.
"The merger should prove to be an interesting one, as it is the first time an authorized music distributor is also directly in control of a P2P flooding firm."
Randy Saaf will remain as MediaDefender's CEO during and after the transition.

Posted by Rafat Ali in DRM, M&A, P2P | Permalink


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