Seeqpod To Be Sold, Saved From Bankruptcy

After getting repeatedly sued by major labels, music search engine Seeqpod filed for bankruptcy in early April 2009. But now CEO Kasian Franks says Seeqpod will avoid shutting down because a large company is going to buy it. He told Wired that Seeqpod is now in “final acquisition talks” with a partner that “is in the [same] position” as Apple, Google or Live Nation.

Seeqpod was supposed to be protected by the Digital Millenium Copyright Act (DMCA), which lets search engines link to any content, so long as they take down allegedly infringing links at the copyright holder’s request. But the recording industry seems to be oblivious to the Act, and has continued to pummel music search engines like Seeqpod, Muxtape and MP3Tunes with lawsuits. Continue reading...