ICOPYRIGHT.com DOWNSIZES AGAIN

By: Staff Reports

Online Permissions Service Restructures


iCopyright.com, based in Renton, Wash., has laid off 44 employees
in a “restructuring plan.”

The digital rights service said that it is not going out of
business. The Instant Clearing Service, which offers online
reprint services to publishers, will remain fully operational,
company officials said.

Todd Stein, vice president of business development and strategy,
said that 23 employees remain and the company will continue to
provide its full range of services.

iCopyright.com has 300 publications signed on for its copyright
permissions service with 100 of them already live online,
according to Stein. The restructuring has required them to
evaluate the implementation schedule for the remaining 200
publications. iCopyright has signed on a mixture of magazines,
newspapers, and Web-only publications.

Stein said that Rustic Canyon Ventures, an early investor in
iCopyright.com, continues to provide financial support.

One iCopyright.com newspaper customer contacted Wednesday said he
was not aware of the layoffs at the company.

In early December, iCopyright.com eliminated 11 positions, or 17%
of its staff at that time.



Related story:

LATIMES.com TESTS ONLINE COPYRIGHT PERMISSIONS (01/18/00)



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