September 5, 2000

Scour lays off 52; says lawsuit scares investors

Author: JT Smith

Scour, an online multimedia company backed by Hollywood power broker Michael Ovitz, said a pending lawsuit filed against it by the film and music industries has scared off potential investors and caused it to lay off 52 of its 70 employees. Scour said that investors with whom it was working to provide the company's next round of financing had decided not to move forward as of late last week due to concerns about a July 20 lawsuit filed by the Motion Picture Association of America (MPAA), the Recording Industry Association of America (RIAA) and the National Music Publishers Association (NMPA) against the company over copyright infringement. The story is at The Standard


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