iCraveTV suit settled.(Brief Article)

TV signal streamer agrees to stop Webcasting stations

Canadian Webcaster iCraveTC.com last week shut down operations in an out-of-court settlement with U.S. entertainment companies, TV networks, sports leagues and Canadian broadcasters.

In January, a federal district court in Pennsylvania stopped iCraveTV from streaming 17 local TV signals from the Toronto market over the Internet after copyright holders filed a suit alleging iCraveTV was stealing their property.

"The resolution of this matter will serve as a deterrent to anyone who seeks to take that which they do not own," said Motion Picture Association of America President Jack Valenti, who …