Gary Fung, owner of the now deactivated bit-torrent index site “Isohunt”, has settled a piracy lawsuit with Music Canada for 55 million CAD or 50 million USD. The lawsuit was based on a notice sent to Isohunt in 2008 by CRIA (Canadian Recording Industry Association) which is now known as Music Canada. Isohunt has already settled a 110 million USD lawsuit with MPAA(Motion Picture Association of America)
Isohunt has been deactivated since 2013. The settlement came after a court order. Industry experts expect this ruling to open the gates for several such instances of bit-torrent sites being forced to pay huge sums of money. Gary said he has not divulged any of the users’ details in the process. Oxford Internet Institute researcher Ben Zevenbergen has expressed concerns over this ruling.
“Think of social media websites like Facebook where everyone shares their favourite songs with their friends – would these services need to employ full-time copyright police? Further, I truly wonder whether a penny of these fines ends up on artists’ royalty checks, but I highly doubt it,” said Ben.