EMI Unveils Plan to Sell Non-DRM Downloads For $1.29
EMI has announced that it plans to sell a large portion of their music catalog without Digital Rights Management (DRM). While this concept has been batted about in recent months, no major label has made such a committment. The non-DRM downloads will sell for $1.29 on iTunes, the industry leading online music store. EMI held a press conference and made the big announcement with Steve Jobs, Apple’s CEO who in an open letter to the...
Sunday Times Reports Bertelsmann’s Napster Settlement Close To $100 Million
After it was announced that EMI and Bertelsmann reached an undisclosed settlement in litigation involving Bertelsmann’s investment in Napster, a new report suggests that Bertelsmann may have paid up to $100 million to settle the dispute. The UK’s Sunday Times reports that the figure paid out was well above $50 million and approaching $100 million. Bertelsmann disclosed that it had set aside $101 million in its recently...
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