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MusicBank Opts to Play Ball With Recording Industry
As online companies Napster and MP3.com (MPPP Quote) feud with the record labels in courts on both coasts, Pierce Ledbetter has avoided the copyright battles that have been engulfing the Internet music industry.
Ledbetter, 33, is the co-founder and chairman of MusicBank, a privately-held online music service formed with more than $20 million in venture capital money and set to begin operations in September. As far as the big recording companies are concerned, Ledbetter has opted for cooperation instead of confrontation.
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