EMI on Monday agreed to settle a lawsuit against Bertelsmann related to the German media group’s support for Napster, the online file-sharing service that spurred a piracy epidemic that is still straining the music industry.
Eric Nicoli, EMI’s chief executive, said he was "pleased" by the settlement but declined to disclose its terms. Bertelsmann did not admit liability, and declined to comment further.
The agreement follows a settlement that Universal Music, the largest record company, struck with Bertelsmann for $60m in September. That settlement coincided with Universal’s acquisition of Bertelsmann’s music publishing arm for $2.1bn.
In December, Universal and EMI reached a tentative settlement with Hummer Winblad, a San Francisco venture capital firm that invested $13m in Napster in 2000.
Beterlsmann is still facing possible litigation from Warner Music, which has reserved the right to sue, as well as a group of music publishers.
RELATED NEWS AND “HOW TO” GUIDES:
WINAMP Remote BETA – a guide to the new P2P music streaming feature
XTorrent 1.0 FINAL released
AT&T customers to get free ‘Napster To Go’
3 Quick Ways to Watch Movies for FREE!
3 quick ways to watch TV shows for FREE
BitTorrent tracker sites & search engines
Azureus – A Beginner’s Guide to BitTorrent Downloading
uTorrent – A Beginner’s guide to BitTorrent downloading
Watch The Simpsons, The Office, Jackass, South Park, Lost, X-Men, and More On-Demand For Free
SOULXTC: “walkin’ the streets of P2P”
Related Posts
- Bertelsmann settles Napster case with Vivendi
- Beatles settle EMI royalties row
- Bertelsmann buys Napster for $8 million
- Circuit City partners up with Napster to create ‘Circuit City + Napster’
- Mark Cuban: The CableVision DVR Lawsuit is a Mistake
Loading ...
