Listen.com agrees to buy assets of Scour.com

The agreement was filed on Wednesday in US Bankruptcy Court for the Central District of California, according to a joint statement issued by the companies Wednesday. Listen.com agreed to pay as much as $US5 million and 527,918 shares of preferred stock for Scour's assets, according to an official at Scour's public relations agency, Sitrick and Co.

The sale of Scour's assets, however, is not final; another company can outbid Listen.com. This competitive bidding process is required under the US bankruptcy code.

Scour offers Scour Exchange, a software program that allows peer-to-peer exchanging of files. The service is similar to that offered by music-exchange company Napster, with an emphasis on multimedia files.

The movie and recording industries, represented respectively by the Motion Picture Association of America (MPAA), the Recording Industry Association of America (RIAA) and the National Music Publishers Association (NMPA), filed suit against Scour on July 20. The organisations want Scour Exchange shut down, accusing it of infringing on their copyrights.

The sale will give Listen.com control over Scour's assets but will not make the company responsible for Scour's legal liabilities, Rob Reid, Listen.com's founder and chief executive officer said in the statement.

Listen.com says it is committed to providing "legal digital media." Certain Scour assets will be built into the Listen.com offering, the companies said.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joris Evers

PC World
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?