China establishes new rules for music sold online


In bold move, China's Ministry of Culture has set new rules for music sold online, acording to the Wall Street Journal (subscription required).

The rules require music sites to seek approval from censors for all foreign songs they distribute.

The new rules also affect music providers such as Google Inc. (NASDAQ: GOOG) and Baidu Inc. (NASDAQ: BIDU).

These rules are meant to control the internet content in China, which has 338 million users. China already censors imported movies and books, and it vets site links for foreign brand play concerts.

The Ministry's rules affect websites addressing programs such as "the intermingling of good and bad content" and "the large quantity of imported music without approval."

The rules also state that online music distributors will be required to provide written lyrics for each song translated into Chinese and documents to prove they are not infringing on intellectual property rights.

The rules also apply to search services such as Baidu and Yahoo China that provide links to music rather than hosting them. The rules state that "music search must be linked music."

Anyone wishing to provide music downloads must apply for an Internet Culture License.

All music must be submitted to the Ministry of Culture by the end of the year.

Obviously groups representing record labels applaud China's tougher action. The International Federation of Phonographic Industry reported the sales in China are $82 million with 99% of the music unlicensed.

Do you believe that these rules can be enforced successfully?

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 05:24 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329128681534 ms.