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The name was once associated with piracy but Altnet plans to launch a legal subscription music service that features music from the top labels.
Studios are opening their arms to technology start-ups, but can the two sides get past copyright issues as well as other differences?
Messages portray a company overwhelmed by file-swapping community and skepticism from entertainment executives. MediaDefender is wake-up call for entertainment sector
Record labels have asked an Australian court to block peer-to-peer company Altnet's ad-revenue-sharing program.
The P2P company will split revenue collected by file-swapping companies with certain record labels.
File-swapping companies find themselves on same side as the recording industry in patent dispute.
In the music industry's suit against Sharman, owner of P2P software Kazaa, witness testifies about role of partner Altnet.
The owner of P2P application Morpheus is suing over the technology underlying Skype's Net phone software.
Australian record industry initiates contempt proceedings against the masterminds behind the file-sharing software.
Shutdown affects only the download site; people who already have the software can keep sharing files on network.