Wurld Media Reaction To The U.S. Supreme Court's Ruling in MGM v. Grokster

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Wurld Media Reaction To The U.S. Supreme Court's Ruling in MGM v. Grokster

Statement attributable to Gregory Kerber, chairman and CEO of Wurld Media:

SARATOGA SPRINGS, N.Y., June 27 /PRNewswire/ -- "Today's ruling is terrific news for artists and copyright holders who want to harness the tremendous marketing potential of the Web while protecting their artistic rights.
"With an increasing variety of ways to access content online, today's decision is also good news for consumers. The ruling removes a roadblock that has hampered the widespread development of legitimate online music models. In the coming months, consumers will benefit from new business models that will make more content available online that is easily accessible, of high quality, and free of viruses and other unexpected web-based dangers.

"As the leader in legitimate peer-to-peer network development, and the only P2P to have licensed all major and many of the independent record labels, Wurld Media is an example of this new breed of companies that has found a way to offer consumers access to online music while respecting the rights of artists and copyright holders. Hopefully, today's decision will clarify the business landscape and allow us all to move forward."

About Wurld Media

Founded in September of 1999, Wurld Media Inc. is a privately held company based in Saratoga Springs, New York. In the first quarter of 2005, Wurld Media launched Peer Impact(TM), the first legal peer-to-peer (P2P) network that implements technology to ensure that content owners and proprietary rights holders are paid for content shared over its P2P network. Wurld Media has signed agreements with all four major record labels and is currently working to license the catalogs of independent music distributors, as well as games, motion pictures and audio books. Peer Impact(TM) is unique in that it offers users cash back for sharing approved content over the network essentially acting as "paid redistributors" of legal content where they can earn money toward future purchases of digital content through the network. For more information, please visit http://www.wurldmedia.com/ or http://www.peerimpact.com/.

Source: Wurld Media Inc.