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...
SEC Ends XM Satellite Probe – Opens Door Wider For Merger Approval
The Securities and Exchange Commission (SEC) has ended their recent investigation of XM Satellite Radio, according to recent regulatory filings. The probe, which started in August of last year, looked into XM’s practices related to subscriber data and stock option grants. XM Satellite indicated that the SEC had dropped its investigation, paving the way for merger approval. “The SEC has advised that it does not intend to...
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