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`No tears' over Napster deal says Aim's Wenham. (News).
Aim's chief executive Alison Wenham says she has no regrets about her organisation inking a deal last year with Napster, despite the fact that it faces a legal right to secure 2.7m [pounds sterling] its labels are owed.
"This has by no means ended in tears," Wenham told Aim's AGM last Tuesday, a year on from linking up with the file-swapping service. Aim now finds itself as one of Napster's biggest unsecured creditors.
However, the chief executive said Aim had managed to acquire the services of a top US law firm--Boston-based Schnader Harrison Goldstein and Manello--which was so confident of the strength of its case that it has agreed to represent the indie organisation on a contingency basis.
Aim has been appointed chair of the creditors committee, but its chances of getting hold of the bulk of the money it is owed partly depend on whether Bertelsmann is able to buy the assets of Napster unimpeded. If it can, Wenham says the German company will effectively end up buying out the creditors.
But she adds, "There are two key problems. One is the majors themselves, including BMG, and whether they decide to press for some kind of compensation payment for copyright infringement which has been ...
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...with the Association of Independent Music (AIM), a non-profit trade organization for independent...is unparalleled in mobile music," stated Alison Wenham, CEO of AIM. "Through Groove Mobile, AIM will give our membership of talented musicians...
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- Press release article from: M2 Presswire October 17, 2005 700+ words
...Beggars Group, and Chairman of AIM's New Media Committee commented...feature of the business model. As AIM's representative for New Media...develop its growing music scene." Alison Wenham, Chief Executive of AIM, said: "With the UK music office...
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- Press release article from: M2 Presswire October 10, 2001 700+ words
...effective access to finance." Alison Wenham, Chief Executive of the Association of Independent Music (AIM) and a member of the report...opportunities for investment and we aim to see that they get it...industries experts and financiers aims to: - Raise awareness of the...