Following Universal, Warner Music Settles Infringement Suit With XM Satellite Radio
Following Universal Music Group, Warner has settled its longstanding lawsuit with XM Satellite Radio. The deal will require XM Satellite to not only pay Warner a percentage of Pioneer Inno revenues, but also get in on the action of future satellite receivers with the same feature set. The Inno attracted lawsuits, like bees to honey, (…although, I can think of some more appropriate metaphors. —Ed.) due its ability to record...
Jay-Z, aka Shawn Carter, Officially Resigns Def Jam Post
Jay-Z has officially resigned as President of Def Jam Records. Shawn Carter, the name on his birth certificate, has been President of the Universal Music Group-owned label since the beginning of 2005, but has been contimplating leaving the major for some time when his contract expired at the end of the year. He will continue recording for Roc-A-Fella/Def Jam under the Jay-Z moniker. “Now it’s time for me to take on new...
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