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Evidence against StreamCast Inc.

A federal judge said Monday that evidence favors a coalition of entertainment companies in their landmark copyright infringement case against a distributor of online file-sharing software.

U.S. District Judge Stephen V. Wilson made the statement during a hearing in the case against StreamCast Inc., the firm behind Morpheus online file-swapping software.

The judge asked each side to submit briefs about several unresolved issues by July 25 before he decides whether StreamCast is liable for copyright infringement.

Three promotions set at Universal

UNIVERSAL CITY -- Universal Pictures, under the leadership of Chairman Marc Shmuger and Co- Chairman David Linde, announced Monday the promotions of three executives to newly created senior positions.

Rick Finkelstein was promoted to vice chairman, Universal Pictures and executive vice president, Universal Studios; Jimmy Horowitz was named co- president, production, and executive vice president, Universal Pictures; and Michael Joe becomes executive vice president, Universal Pictures.

The three executives entered into new long-term contracts with Universal and will continue to be based at the company's Universal City headquarters.

Finkelstein previously was president and chief operating officer of Universal Pictures; Horowitz was executive vice president, business and legal affairs, at Universal Pictures; and Joe was executive vice president, business development and strategic planning.

Disney to release titles on Blu-ray

BURBANK -- Buena Vista Home Entertainment, Disney's distribution arm, will begin releasing titles on the Blu-ray Disc format beginning Sept. 19, the company announced Monday.

BVHE President Bob Chapek said titles available on that date will include Walt Disney Pictures' ``Dinosaur'' and ``Eight Below''; and Miramax Films' ``Jay and Silent Bob Strike Back'' and ``The Great Raid.''

``The Blu-ray Disc represents a major technological breakthrough in our industry, and just as DVD revolutionized home entertainment, the Blu-ray Disc promises to deliver a new and unparalleled consumer experience,'' Chapek said.

A second wave of releases will be available on Oct. 17, including Walt Disney Pictures' ``Glory Road'' and ``Haunted Mansion''; Touchstone Pictures' ``Dark Water'' and ``Gone in Sixty Seconds''; and Dimension Films' ``The Brothers Grimm.''

Blu-ray is the next-generation optical disc format for high-definition video and high-capacity software applications. A single-layer Blu-ray Disc will hold up to 25 gigabytes of data and a double-layer disc will hold up to 50 gigabytes of data.

BVHE is the marketing, sales and distribution company for Walt Disney, Touchstone, Hollywood Pictures, Miramax and Buena Vista videocassette and DVD releases.

XM Satellite seeks suit ruling

WASHINGTON -- XM Satellite Radio asked a federal judge Monday to throw out a copyright lawsuit by the recording industry over the company's new iPod-like device that can store up to 50 hours of music.

XM Satellite said the 1992 Home Recording Audio act protects it from being sued over its $400 handheld ``Inno'' device. The law bans some copyright claims against equipment makers and consumers who make digital music recordings for private use.

In a court filing, XM Satellite said the 1992 protections represent ``Congress' efforts to insure that the powerful recording industry would not be able to restrict the right of consumers to record songs that are broadcast over the radio or stifle innovation by chilling the development and use of the latest recording technologies.''

Rates on T-bills mixed at auction

WASHINGTON -- Interest rates on short-term Treasury bills were mixed in Monday's auction, with rates on three-month bills rising to their highest level in more than five years while rates on six-month bills declined.

The Treasury Department auctioned $16 billion in three-month bills at a discount rate of 4.965 percent, up from 4.925 percent last week. An additional $14 billion in six-month bills was auctioned at a discount rate of 5.090 percent, down from 5.105 percent last week.

Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, declined to 5.24 percent last week from 5.27 percent the previous week.
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Jul 18, 2006
Words:657
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