SeeqPod Files For Chapter 11 Bankruptcy
SeeqPod.com was founded by Kasian Franks. SeeqPod is a music search engine that spun out of a project at the University of California Lawrence Berkeley National Laboratory. However the search engine has had a stroke of bad luck as they have had to file a petition for Chapter 11 bankruptcy yesterday with the U.S. Bankruptcy Court of the Northern District of California.
SeeqPod had raised $7 million in funding from undisclosed investors and is doing this out of fear over some multibillion dollar lawsuits. Some of the music labels suing SeeqPod include Warner Music, Capitol Records, and EMI. Some of the music companies even went after developers simply using the SeeqPod API.
SeeqPod is similar to Napster in the sense that it never actually hosted files on their actual servers, but it still crawls illegally copied music from servers and across the web. SeeqPod encourages the adherence of the DMCA according to their copyright document.
[via TechCrunch]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry