Warner & Bertelsmann Finalize Napster Suit
Warner Music Group has finalized a $110 million settlement with Bertelsmann AG related to BMG’s investment in the original Napster, a file-swapping service that Warner said violated copyrights. Bertelsmann, which invested in Napster in 2000, didn’t admit liability. The original Napster, which allowed users to download digital music for free, was widely criticized by the recording industry and hit with lawsuits from several...
Yahoo Teams With Gracenote For Online Lyrics
Yahoo! has partnered with Gracenote to launch an online lyrics service, the first industry-backed effort in a market dominated by mostly fan-oriented Web sites. Song lyrics are among the top searches performed on the Web, but consumers have largely relied on unlicensed sources that often provide inaccurate and incomplete lyrics and do not compensate composers for their work. Terms of the deal were not disclosed but officials said it...
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