MP3.com, Sony Reach Agreement
MP3.com settled a copyright infringement lawsuit brought by Sony's Sony Music Entertainment, giving the company deals with four of the five major record labels.Under the terms of the deal, MP3.com will pay Sony an undisclosed amount for past copyright violations. It also signed a licensing deal that will allow MP3.com to offer Sony recordings on its My.MP3.com system, which allows users to assemble a digital locker that can be accessed over the Internet. Songs are downloaded from the locker and users must first verify that they own the compact disc.
Major record label content was pulled from MP3.com in May pending resolution of the suits. In April a judge found that the company violated copyright law. The service will not resume until MP3.com secures agreements with all five major record labels.
