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...
Sirius Unveils Satellite Television Offering In 2008 DaimlerChrysler Cars
Sirius Satellite Radio Inc. will premier its Backseat Television Service exclusively in several DaimlerChrysler (cars and minivans later this year. Sirius, which recently made headlines by planning to acquire rival XM Satellite Radio in a deal that must first pass regulatory muster, said three live child-themed TV channels would be available in 2008 model year cars in the Chrysler, Jeep and Dodge lines. Sales of those cars will start...
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