MENU

iiNet wins landmark copyright case

What: iiNet Limited (ASX: IIN) has won a landmark legal case against 34 International and Australian companies, including Village Roadshow, Universal Pictures, Warner Bros, Sony Pictures, Disney and the Seven Network. The High Court of Australia dismissed their claims that iiNet authorised its users to download thousands of illegal film, TV and music files through the BitTorrent peer-to-peer file sharing system.

The High Court also observed that iiNet had no direct technical power to prevent its customers from using the BitTorrent system to infringe copyright. iiNet’s power to prevent its customers from infringing the appellant’s copyright was limited to an indirect power to terminate its relationship with its customers.

So What: This result sets a precedent for other Australian Internet Service Providers (ISPs), such as TPG Telecom Ltd (ASX: TPM), Telstra Limited (ASX: TLS), Optus, a subsidiary of Singapore Telecommunications (ASX: SGT) and iPrimus – now owned by M2 Telecommunications Limited (ASX: MTU). They can all now breathe a sigh of relief that they cannot be held liable for their users’ infringement of copyright, will no longer be exposed to damages claims that could have run into the millions, and not be liable to enforce restrictions on illegal downloads.

Now What: If the share prices of the above-mentioned ISPs were held back over concerns around the results of the case, they have been set free. Although in early lunchtime trading shares were mixed, with iiNet shares up 5 cents to $3.08, SingTel up 1 cent, M2 down 3 cents while Telstra and TPG were flat.

 If you’re looking for income from your shares, look no further than “Secure Your Future with 3 Rock-Solid Dividend Stocks”. In this free report, we’ve put together our best ideas for investors who are looking for solid companies with high dividends and good growth potential. Click here now to find out the names of our three favourite income ideas. But hurry – the report is free for only a limited time.

More reading

Motley Fool contributor Mike King doesn’t own shares in any of the companies mentioned. The Motley Fool ’s purpose is to educate, amuse and enrich investors. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.  Click here  to be enlightened by The Motley Fool’s disclosure policy.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!