Napster Settles Last Major Label Lawsuit
Napster has finally closed the last chapter of litigation with the major labels. Bertelsmann, which bought Napster’s assets in 2002, settled a lawsuit with EMI, the last one still in litigation over the illegal version of the P2P music-swapping service. The settlement comes after seven years after it changed the way people consume music and five years after it was shut down by the courts. Terms of the settlement were not disclosed.
Unfortunately, Bertelsmann is not completely done with litigation related to its acquisition of the Napster assets…several music publishers still have complaints pending.