Warner Music Group and Bertelsmann have settled a lawsuit regarding Bertelsmann's involvement with Napster's music service in 2001, both companies announced Tuesday. Bertelsmann will pay $110 million to Warner Music, according to a filing with the U.S. Securities and Exchange Commission. The settlement reached by the two companies did not require Bertelsmann to admit liability. Both Bertelsmann and Warner Music declined to comment on the settlement.
Warner Music and several other music publishers in separate lawsuits accused Bertelsmann of profiting from Napster's enablement of illegal music sharing of published music content from 2000 to 2001. Bertelsmann has maintained that it only invested in Napster after the music service changed its practices to abide by copyright laws.
Bertelsmann and EMI Group reached a settlement on Napster in March. Bertelsmann settled with Universal in June 2006 over the same issue for $60 million including reimbursement for legal costs.
The two telecom carriers will carry a next-generation iPad running on the fast, next-generation wireless technology, sources tell The Wall Street Journal.
Google creates an animated doodle that features a boy, a girl, Google's search engine, and a jump rope. But might there be darker, more analytical, more troubling interpretations to this tale?
The Silicon Valley online payments startup grew by 1,000 percent last year and is hopeful it can repeat that level of growth this year. To do that, it's had to move away from its early friends-and-family roots and embrace small businesses.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
Join the conversation