It looks as if Morpheus, the last surviving member of the first wave of popular peer-to-peer services, might be about to call it a day. Despite legal assaults from the record and movie industries, an unfavorable decision by the U.S. Supreme Court in the case of Metro-Goldwyn-Mayer Studios Inc. v. Grokster Ltd., and dissolution of its one-time counterparts Napster, KaZaA, and Grokster, the service had vowed until recently to soldier on.
But Michael Weiss—the chief executive officer of StreamCast Networks, which owns Morpheus—now says he has approached record companies to discuss settling the industry’s longstanding lawsuit against his firm. Any settlement would almost certainly mean an end to Morpheus.
"We can take a look at another four years of legal battles and spending millions of dollars on both sides, [but] is that where I want to spend the next four years of my life?" Mr. Weiss told the Associated Press. "It’s better to focus the company’s energy on creating new technologies." (Associated Press)
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