Baidu (BIDU) Becoming Less 'Notorious,' USTR Says
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Baidu's (Nasdaq: BIDU) is making headway with efforts to play fair with copyright owners.
According to reports Wednesday, the U.S. Trade Representative (USTR) has taken Baidu off of its "name-and-shame" list of "notorious" markets for piracy. The USTR also lauded Baidu for hashing an agreement with the music industry to link licensed music tracks from record labels.
Others that have become partners, rather than enemies, of content providers include Youku (NYSE: YOKU) and Tudou Holdings (Nasdaq: TUDO). With China's heavy restrictions on foreign content in theaters and TV, illegal channels were the only way for content owners to distribute their content.
Remaining on the USTR list includes Alibaba's (OTCBB: ALBCF) Taobao shopping brand, and Shohu's (Nasdaq: SOHU) Sogou search unit.
Baidu is trading slightly lower Wednesday.
According to reports Wednesday, the U.S. Trade Representative (USTR) has taken Baidu off of its "name-and-shame" list of "notorious" markets for piracy. The USTR also lauded Baidu for hashing an agreement with the music industry to link licensed music tracks from record labels.
Others that have become partners, rather than enemies, of content providers include Youku (NYSE: YOKU) and Tudou Holdings (Nasdaq: TUDO). With China's heavy restrictions on foreign content in theaters and TV, illegal channels were the only way for content owners to distribute their content.
Remaining on the USTR list includes Alibaba's (OTCBB: ALBCF) Taobao shopping brand, and Shohu's (Nasdaq: SOHU) Sogou search unit.
Baidu is trading slightly lower Wednesday.
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