Business Services Industry
MP3.com to pay USD20m damages to Sony
Internet Business News, August 22, 2000
INTERNET BUSINESS NEWS-(C)1995-2000 M2 COMMUNICATIONS LTD
The online music downloading service MP3.com Inc has settled the copyright infringement suit brought by Sony Music Entertainment.
Under the terms of the out-of-court settlement MP3.com will pay Sony USD20m in damages for past violations and in the future will use the record label's music for its Internet service under a non-exclusive North American licence.
MP3.com will make a 'royalty' payment to Sony each time a user registers a Sony CD or downloads one of its songs, according to the BBC. The Internet service reportedly already has similar agreements with Time-Warner, EMI, and Bertelsmann (BMG).
((Comments on this story may be sent to info@m2.com))
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