MP3.com Settlement: RIAA Hails Victory for Creative Community & Legitimate Marketplace

Washington, DC - June 09, 2000 - "The court ruling on April 28th and every subsequent settlement represents a victory for the creative community and the legitimate marketplace," said Hilary B. Rosen, President and CEO of the Recording Industry Association of America.

"Music on the internet will flourish if everyone works together," declared Rosen.

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The Recording Industry Association of America (RIAA) is the trade organization that supports and promotes the creative and financial vitality of the major music companies. Its members are the music labels that comprise the most vibrant record industry in the world. RIAA® members create, manufacture and/or distribute approximately 85% of all legitimate recorded music produced and sold in the United States.

In support of this mission, the RIAA works to protect the intellectual property and First Amendment rights of artists and music labels; conduct consumer, industry and technical research; and monitor and review state and federal laws, regulations and policies. The RIAA® also certifies Gold®, Platinum®, Multi- Platinum™ and Diamond sales awards as well as Los Premios De Oro y Platino™, an award celebrating Latin music sales.